A move to a lower interest rate on bonds was the major factor in the city of Deadwood supplementing its 2015 budget by $12 million, reports the Black Hills Pioneer. That raises the 2015 budget to $32.2 million, up from $20.5 million.
The city's move added $9 million to the annual budget but saved them nearly $1 million in debt service costs, according to city officials. Other expenses ranging from the city's historic preservation fund to the new Deadwood Welcome Center combined to make up the additional $3 million in what's called budget supplements.
City officials said that it's typical to need to amend the annual budget during the budget year as unexpected expenses arise.
Read more about budgets on the Black Hills Knowledge Network.