Black Hills Knowledge Netowork

August 16, 2013

Lead's Tax Revenue Climbing

Growing property valuations and sales tax seen as city prepares 2014 budget.

The city of Lead has growing property values and growing sales.
Main Image Credit:
U.S. Forest Service photo

Increases in property tax and sales tax income is helping Lead officials as the city prepares its 2014 budget, reports the Black Hills Pioneer.

Lead's total property valuation has grown from $113 million in 2010 to a projected $120 in 2014. Tax receipts are expected to grow from $1,127,881 in 2013 to $1,151,567 in 2014, according to the city's budget presentation

Sales tax receipts are expected to grow from $574,211 in 2008 to $656,074 in 2014.

Total spending for 2014 is budgeted at more than $2.5 million.

 

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