Lakewood City Council Study Session Video

The Lakewood City Council held a virtual study session on September 14, 2026, focused primarily on reviewing the proposed 2027 city budget and related financial challenges. The meeting included presentations from the CFO and various department heads covering budget processes, economic outlook, revenue sources, and capital improvement projects. Key procurement-related topics included funding allocations for public works infrastructure projects such as pavement maintenance, traffic safety improvements, and utility master plans. The council discussed the impact of a significant B and O tax settlement on fund balances and the need to replenish reserves to maintain financial stability. The police department highlighted technology investments like drone-assisted patrols to improve operational efficiency. Community resources outlined park development and maintenance projects, including the Morris Park Pool reconstruction with an estimated cost of $10-12 million. The council also debated a modest budget amendment to allocate $10,000 for stipends to support council interns, with a majority expressing support. Discussions addressed the potential impact of budget reserve levels on the city’s debt rating and the timing of future budget adjustments contingent on a pending sales tax ballot measure. No final votes on budget amendments were taken, but the council planned further budget hearings and audit board meetings in the coming weeks.