Lakewood Village Board of Trustees meeting (April 15, 2024)
The village of Lakewood‘s proposed $5.3 million budget for 2024-2025 raises the tax rate by 12-cents.
Expenditures in the proposed budget are up $612,611 from the current year’s budget. Health costs saw the biggest increase of $322,471 compared with $164,776 in this year’s budget. Transportation costs also rose by over $129,000.
Total revenues are estimated at $3,142,715. The proposed budget uses $250,000 in surplus funds as well as $50,000 from reserve accounts. The total amount of revenues anticipated to be raised through taxes is $2,012,964.
There were no comments on the proposed budget by the public at a public hearing held on April 15.
It is likely the Village Board will vote on the budget at its Monday, April 22 meeting.
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