CLA FCL Caucus Survey Report
As part of CLA and FCL's recently announced COVID-19 Response and Economic Recovery program, we recently asked our caucus members and private partners a series of questions regarding challenges, opportunities, and next best steps around the response and economic recovery to the COVID-19 pandemic. Below are some of the questions and responses from our Caucus members survey. Learn more about the program by clicking on the link above.
Question: What is your community’s biggest challenge in economic recovery?
"Our biggest challenge is finding continual support for our local businesses, that were, and still are, impacted by COPVID-19."
"Loss of Job Growth and Revenue from Sales Tax."
"Small Businesses getting back open and healthy and consumers feeling confident enough to spend money and get economy going."
"Getting consumer confidence built up again, shifting buying patterns back to main street vs. online, and undoing the "going out" fear that the MSM has instilled."
"Loss of municipal revenue and the divide between those who want to open everything up right away and those who still feel it is not safe."
"Under Colorado law the city's revenue cap will "ratchet down" in 2020 because of significantly reduced revenue. Because revenue can only grow from that new base each year by a growth factor that averages 3-4% per year, it will take the city probably four years to get back to a 2019 revenue base. We will probably ask the voters to allow us to retain the 2019 revenue base and not have to ratchet down to a 2020 base. If that sounds complicated, imagine explaining it to voters."
Question: As a leader, what do you need from the business community as you plan and move forward with your communities economic recovery?
Question: What do you want the business community to know about your community’s economic recovery process, and what they can do to better help the process progress?