It is also revisiting ideas that have so far failed to capture state or federal funding.

All could help turbocharge the ailing economy should state or federal governments set aside more money, council chief executive Craig Niemann said.

"We really don't know what a government stimulus would look like yet but we want to keep our options open," he said.

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The council has spent the better part of the pandemic in crisis mode and trying to gauge how badly communities have been hit, Mr Niemann said.

Now, though, it is moving into "relief and recovery" mode.

There are signals the the state government is also thinking that way, Mr Niemann said.

"We'll be ready with a list of priority projects we'd welcome funding on," he said.

They could include renovating the Golden Dragon Museum, expanding the Bendigo Airport or revamping the Bendigo Showgrounds.

The council has pitched six road projects to the federal government. All could kick into gear within six months with government backing.

The details remain confidential and the government is yet to decide what it will fund.

"There's probably 550 councils that have contributed to the list, so we will wait and see what comes out of it," Mr Niemann said.

Bendigo councillors are also preparing to release a draft budget that could contain relief and recovery measures. The exact date is still to be confirmed but could be as early as May 20.

Bendigo-based economist Matthew Nichol is expecting new state and federal stimulus spending in two-to-three months.

"As with all government funding ... there needs to be some evidence base to show that the need is greater here than it is there,"the REMPLAN consultancy director said.

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It remains unclear exactly how hard Bendigo's economy has been hit during the pandemic, Mr Nichol said.

What is apparent is that major Australian industries have suffered.

A REMPLAN industry snapshot released late on Friday showed the arts and recreation sector has lost 55.7 per cent of its revenue.

Accommodation and food services have seen a 49.3 per cent drop.

The education and training sector was the least affected, taking a 17.2 per cent revenue cut.

Mr Nichol encouraged businesses to take part in a COVID-19 tracking survey available at REMPLAN's website.