After crashing from 2014-2016, Lafayette Parish’s GDP had shown signs of recovery. Then 2020 happened, blowing a billion dollar hole in Lafayette’s economy.
While CREATE was generally thought to be more popular inside city limits than elsewhere in the parish, the rededication push won out decisively across the entire parish.
Only a few weeks in, and the new Parish Council is beginning to grapple with its budget woes.
Voters demand flexibility and quick responses, but representatives are hamstrung in their ability to divert dedicated funds.
New county-level economic data from the federal government paints a scary and precise picture of Lafayette’s economic decline.