Lakewood prepares for crucial vote on city funding changes

During a recent government meeting, the Lakewood City Council discussed a significant resolution aimed at addressing the city's long-term funding needs and aging infrastructure. The council is preparing to submit a ballot measure for the November 5, 2024, state general election, which seeks voter approval for a revenue change that would allow the city to retain funds for essential services.

Councilor Stewart, chair of the Budget and Audit Board, emphasized the importance of community input in shaping funding priorities, highlighting a recent survey that gathered feedback from 1,503 residents. The survey revealed that the community's top priorities include parks, public safety, and infrastructure improvements. The council noted that the current revenue retention is set to expire soon, prompting the need for a new funding strategy.

The survey tested two versions of ballot language—one with a sunset clause and one without. Results indicated that 54% of respondents supported the version with a sunset, while 52% favored the version without it. However, the Budget and Audit Board recommended moving forward with the no-sunset option, as it aligns more closely with community desires for ongoing investment in critical areas.

The presentation also highlighted that when residents were informed about how retained funds have been used in the past and their potential future applications, support for the measure increased significantly. For instance, 65% of respondents expressed a greater likelihood to approve the measure when informed about past infrastructure improvements funded by retained revenue.

Council members expressed optimism about the proposal, noting that it reflects the community's priorities and addresses the inequities of tax refunds that primarily benefit property owners. The council is now poised to take the next steps in finalizing the ballot language for voter consideration.