I pledged to emphasize strong public finances, as mayor. Amid the disruptions of the COVID-19 pandemic, my administration is both advocating for federal and state assistance, and finding savings locally.
Applying my background in employee benefits, Lakewood is on course to save more than $100,000 in benefits over the next 12 months. The city has also saved more than $300,000 overtime this year, compared to 2019.
Between disrupted economic conditions, and delayed tax filing deadlines, estimating an eventual budget shortfall is difficult but we are taking no chances. We have reduced payroll further, through voluntary furloughs, while avoiding layoffs, and placed projects on hold where possible to protect the city’s bond rating.
While tough work remains ahead, all of Lakewood can be proud of how city departments have stepped forward with a get-through-this-together spirit.