Saying the parish should live within its means is one thing, but actually cutting millions from a threadbare budget is something else entirely. Parish government now faces the unenviable choice of raising taxes or cutting essential services.
The gist: Total assessed property values in Lafayette Parish have fallen for the first time in decades, further compounding shortfalls in consolidated government’s upcoming budget. Linking the declines to economic fallout from the pandemic, Lafayette Parish Tax Assessor Conrad Comeaux said Thursday at a budget hearing the decline in property values could reduce LCG’s revenues by millions. That drop will force the City and Parish councils to either raise millage rates or cut their budgets further.
The gist: There are two tax renewals on the May 4 ballot — one that supports pumping fresh water into the Vermilion River and the other pays one-third of the sheriff’s budget. May the fourth be with you.
The mayor-president believes Lafayette is in its best financial position ever. His optimism overlooks flatlining property tax revenue.
Council members and the administration are at odds on how to fix the parish budget.