LEAD, S.D. – The Lead-Deadwood School District has adopted its budget for the 2026-27 school year, with higher mill levies in several categories as officials work to offset changes in state law.
District leaders say a new state cap on owner-occupied property tax levies has reduced potential general fund revenue by an estimated $1.1 million. To help make up the difference, the district set tax levies closer to the maximum levels allowed by state law.
The district’s general fund budget increased to just over $10 million, up about $628,000 from last year. Meanwhile, the capital outlay budget dropped significantly following completion of the middle school renovation project, though unexpected gas-line repairs added costs this year.
School officials say they are continuing to balance funding needs with taxpayer impacts, while also requesting less than the maximum allowable amounts in several funds.
District leaders added that the special education fund remains financially healthy and is expected to meet student needs without seeking extraordinary assistance from the state.
The budget takes effect for the 2026-27 school year.
