Budget

At their June 9, 2026 meeting, Lakewood City Council Members voted to adopt the city's two-year budget for the fiscal years running from July 1, 2026 to June 30, 2028.

The budget sets the city’s spending plan for essential services and community priorities and continues Lakewood’s longstanding approach of prudent fiscal management, conservative budgeting and strategic long-term planning.

Even as the city faces inflationary pressures and rising operational and infrastructure maintenance costs, the budget maintains city services at the same or greater service levels and projects modest General Fund surpluses in both years.

Capital improvements remain a key part of the budget. The city’s Capital Improvement Plan supports ongoing maintenance of public facilities, streets and other infrastructure needed to deliver reliable services to the community. Measure L, approved by Lakewood voters in March 2020, continues to support both city operations and long-term infrastructure planning.

The adopted budget also maintains or enhances funding in several critical areas, including public safety, infrastructure maintenance, parks, recreation, economic development, homelessness response and other quality-of-life services.

Budget documents

The 2026-2028 adopted budget will be posted here as soon as possible.

For questions about specific programs, projects or funding areas, staff can provide additional details.

Lakewood Budget FY 2025-26 Revised(PDF, 13MB) 

Accessibility

If you need assistance with understanding or accessing budget information in the meantime, please email the City's ADA Coordinator or call 562-866-9771.  Staff can also provide information for specific sections of the budget upon request.