Revenue and enrollment numbers have been declining for the Lead-Deadwood School District, reports the Black Hills Pioneer. The decline in revenue for the locally-funded district is largely due to a decline in local property taxes.
A strategic planning meeting was held in late August to discuss long-term projections concerning the district’s budget. A change in state regulations require districts to reserve no more than 25 percent of the general fund annually. By April or May of 2018, the district may face deficit spending up to $1.9 million for Fiscal Year 2019 or cutting up to $1.5 million from the budget.
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