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Reduced 2018 Budget Approved by Lead City Commission Black Hills Knowledge Network photo
September 21, 2017

Reduced 2018 Budget Approved by Lead City Commission

The Lead City Commission recently approved a $4.2 million budget for 2018, down slightly from the previously approved $4.4 million budget passed in 2017. Of the 2018 budget, $2.2 million will go to the general fund and $1.8 million will be directed toward items including public works and the library, according to the Black Hills Pioneer.

The commission also approved a slight reduction in the mill levy from 8.79 in 2017 to 8.56 in 2018. The mill levy was reduced due to an increase in sales tax revenue in the city. In July 2017, the city generated over $100,000 in sales tax—a record high since 2007.

To read more about the city of Lead, visit the Black Hills Knowledge Network’s online news archive or community profile.

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