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Council adopts city budget for next two years

Published on June 15, 2022

At their Tuesday night meeting, Lakewood City Council Members unanimously passed a two-year budget for Fiscal Years 2022-24(PDF, 5MB) , which starts this coming July 1.

The budget maintains full city services and continues to carry out the improvements to parks, public safety and other community services promised as part of the 2020 passage of Lakewood Measure L.

Lakewood’s budget remains evenly balanced between recreation, public safety and public works/infrastructure, with each continuing to constitute approximately 25% of the budget.

Improvements in the new budget include:

PARKS & COMMUNITY BUILDINGS

Renovations to the Weingart Senior Center.
Renovations to the Palms Park community center.
Electrical and roofing repairs and HVAC improvements to Biscailuz, Bloomfield, Monte Verde and San Martin parks and to the Nye Library.

PUBLIC SAFETY

Purchasing additional Automated License Plate Reading (ALPR) cameras to place at major entries to the city. These cameras spot wanted vehicles entering Lakewood and have enabled Deputy Sheriffs to make many arrests in recent years and catch suspects before they commit crimes in Lakewood.
Major maintenance to keep the city’s Sky Knight helicopters in good shape.
Funds to update an Emergency Hazard Mitigation Plan for Lakewood.

Lakewood Finance Director Jose Gomez told the council that the city will end the current fiscal year and the next two years with a surplus.

“That surplus is very strategic and part of the whole rationale for Measure L,” said Gomez. “We need that surplus in the early years of Measure L in order to pay down long-term costs so that we extend the benefits of the measure for many years into the future, as promised. Lakewood is in good financial shape now, and we have the means to stay in good shape for the long term if we continue to be careful.”

Helping the City Council and city staff in that work are seven members from various parts of the Lakewood community who sit on the Measure L Citizens Oversight Committee and meet regularly to review revenues and expenditures related to Measure L.