Indy's sister publication, the
Colorado Springs Business Journal, featured Colorado Springs Mayor John Suthers; Tatiana Bailey, director of the UCCS Economic Forum; and Aikta Marcoulier director of the Pikes Peak Small Business Development Center. The panelists fielded questions about the economy, the housing and commercial real estate market, and the ongoing saga over the permanent home of U.S. Space Command.
The mayor had good news about the cityâs financial status. âAmazingly enough, the city is doing quite well,â he said. âWe certainly didnât look that way in March and April. In March, city revenues were down 14 percent. In April, they were down 23 percent. We were modelling for as much as a 30 percent decrease in city revenues â $110 to $120 million, but itâs a tremendous tribute to the resiliency of our citizens that things changed pretty dramatically. As of right now, without seeing December, weâre only a half a percent down in General Fund revenue. That is mind-boggling when you think about it.â