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Lakewood council committees finalize year‑end and 2025 appropriations; council approves budget substitutes
Summary
At a Dec. 16 Finance Committee meeting and later full council session, Lakewood officials adopted substitute ordinances reconciling 2024 appropriations and establishing 2025 permanent appropriations, removed a $1 million land acquisition placeholder, and reported a package of budget ordinances favorably to full council.
Lakewood officials moved forward on the city—s fiscal housekeeping and the 2025 spending plan at a Finance Committee meeting on Dec. 16 and in the subsequent full council session. Committee members adopted a substituted ordinance to reconcile 2024 year‑end appropriations and a substitute permanent appropriations ordinance for 2025, and reported a slate of budget ordinances favorably to full council.
Council finance staff told members the 2024 adjustments include transfers and advances that increased appropriations by more than $5 million in the general fund, reductions to ARP (approximately $3.8 million) because of fourth‑quarter water and sewer project spending, and a forestry departmental overtime increase of about…
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