In 2023, then-Council Member Mary Janssen and resident Natalie Menten brought to light that Lakewood’s City Charter had a revenue cap to protect residents from rapid property tax increases. Most of city leadership said Janssen and Menten were totally wrong and besides, leadership said, Lakewood needed the money. However, it turns out Janssen and Menten were not wrong, and Lakewood is now adjusting the 2025 mill levy to comply with the City Charter. There will still be a property tax increase for residents, but only half of the previously proposed increase. Lakewood did not explicitly state the reason for the change because residents can sue if the city of Lakewood was found to be over-collecting taxes. Instead, staff only referenced a “complex legal issue.” Per the new slide presented October 21 (below), the original mill levy would have resulted in $1,561,000 more taxes than 2024 ($872k + $ 689k). The Budget Book advertised this was a 6.2% increase over the 2024 REVISED BUDGET. However, the revised budget is over $1,000,000 more than the original 2024 budget. The mill levy to collect property taxes was set in the original budget. In reality, the original 2024 budget to 2025 budget numbers show a 13.5% increase. Lakewood has been collecting almost double the amount of property taxes allowed by City Charter section 12.12. No one has said that Mary Janssen or Natalie Menten was correct in their original interpretation of the City Charter, as presented to the Lakewood leadership on October 23, 2023....
