Lafayette Mayor-President Monique Boulet said voters should opt to approve the constitutional amendment to allow the inventory tax to end in Lafayette Parish.
Boulet asked voters to approve Amendment 4 on Saturday’s ballot during a recent appearance on The Deal Podcast, calling the inventory tax repeal a “critical play for Lafayette Parish.”
Speaking with host Joshua Wilson and co-host Jude David, Managing Partner at FA Mergers, Boulet acknowledged the repeal would represent roughly a 10% reduction in parish millages but said Lafayette is positioned to absorb the impact through anticipated growth.
You can listen to their conversation here.
“I think we risk losing some businesses if we don’t do it and I think we risk not getting some businesses that would come anyway,” Boulet said.
The inventory tax generated just over $27 million in revenue for all taxing agencies in Lafayette Parish in 2025, according to data from Lafayette Parish Tax Assessor Justin Centanni.
The biggest recipients of that were Lafayette Parish School System ($9.7 million), Lafayette Consolidated Government ($6.1 million), Lafayette Parish Sheriff’s Office ($4.9 million) and the city of Lafayette ($3.3 million).
If the amendment passes, parishes will be offered an incentive payment from the state to either eliminate it or lower it. The payment would range from $500,000 to $15 million.
