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Deputy city manager: Lakewood is tracking above budget revenue in Q2; cautions remain
Summary
The city’s second quarter report showed overall operating revenues up year‑to‑date versus 2024 and the 2025 budget, driven by development services and modest sales‑tax growth; staff urged caution on volatile gambling and utility tax lines and recommended holding discretionary spending.
Deputy City Manager and Budget staff presented the city’s second quarter financial report at the study session, noting year‑to‑date revenue increases versus 2024 and the 2025 budget but urging caution on several revenue lines.
“On the revenue side, the operating revenues compared to year to date 2024, we are up $2,700,000 or 10.4%,” Deputy City Manager Krauss said, pointing to development‑services receipts tied to the Western State Hospital permit as a major driver. Compared with the year‑to‑date budget, operating revenues were…
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