The latest Cultural Confidence update indicates that the slight upturn in the economic outlook for cultural institutions experienced around the national elections was short lived. Results from the most recent polling cycle indicate that not only do more people feel that their institution’s current economic situation is degrading but their economic outlook sank to a new low since polling began…
Over the past two months, the ratio of respondents who feel that the economic conditions at their orchestra will be “poor” (the lowest available option) has risen steadily each cycle whereas the ratio of respondents who feel that their economic conditions at their orchestra will be excellent (the highest option available) has dropped from a small percentage to zero. The chart below illustrates the current trends.
At the same time, the large number of variables impacting the economy such as the change in presidential leadership in January and where the Federal Government will direct the remaining bailout funds may reverse these trends. Add to that the initial news surrounding higher than expected levels of holiday spending and a push toward increased lending and some of these attitudes may change.
Consequently, if you haven’t cast your vote in the current poll cycle then VOTE NOW.