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Lead-Deadwood School District Considers Long-Term Budget Plans Black Hills Knowledge Network photo
August 30, 2017

Lead-Deadwood School District Considers Long-Term Budget Plans

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.

To read more about Lead and Deadwood, visit the Black Hills Knowledge Network’s community profiles. Learn more about education and training in the region at the Black Hills Knowledge Network’s online news archive.

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