# 10-05-2026 Lakewood City Council Special Meeting Video


**Body:** Lakewood Colorado
**Date:** October 04, 2026
**Jurisdiction:** SLED

**Tags:** Construction & Infrastructure, Physical Infrastructure


Lakewood City Council special meeting on October 5, 2026, considered the first reading of Ordinance O-2026-33, covering the revised 2026 budget, proposed 2027 budget, and 2027 mill levy. Staff described constrained revenues, including the loss of $3.7 million in ongoing B&O tax revenue, lower investment income, and reduced development activity. The proposed mill levy remains unchanged at 4.711. With fund balances under pressure, the city is prioritizing completion of previously approved capital projects and deferring new projects; approximately $5 million is available for new capital projects across the capital and TABOR funds. The capital improvement fund balance is forecast to decline to about $4.8 million in 2027 and 2028. Existing projects discussed included the maintenance campus, Civic Center HVAC, Colfax safety work, sidewalks, and traffic signals. No contract awards, vendor selections, or bids were discussed.

Council approved the ordinance on first reading, 11–0, with a second public hearing scheduled for October 19, 2026; final adoption was not taken at this meeting. A proposed, budget-neutral amendment is expected to be formally offered at second reading: adding $10,000 for a council intern program, offset by a $10,000 reduction in the City Attorney’s general-fund outside legal services budget. The 2027 budget also proposes two City Attorney’s Office positions, subject to ongoing evaluation. Staff said hiring is being restricted to critical or revenue-generating positions, and departments are managing capital work within reduced resources.

**Source:** Lakewood Colorado