State Historical Society plans to distribute more Deadwood grants and reduce fund reserves
PIERRE, SD (KELO) – Deadwood Game Fees must provide $ 100,000 per year to a fund overseen by the South Dakota State Historical Society, the money being used to provide grants for projects in other communities. After three decades, the fund has quietly accumulated a surplus that now stands at $ 219,000.
State historic preservation officer Ted Spencer told company directors on Friday he wanted them to give a lot more over the next two years and reduce the balance to $ 100,000.
âGreat news,â said Mitchell administrator Sean Flynn.
Meanwhile, the Town of Deadwood Commission has also sharply reduced the gaming tax revenue it has voluntarily shared with other towns since 2001. The amount has dropped from $ 250,000 to $ 100,000 to $ 50,000.
State administrators sent a message last September saying Deadwood officials need to reconsider their decision. The general subject came back to the agenda at the April meeting.
“I’m glad to see Deadwood finally heard from us,” Elk Point administrator John Fowler said on Friday.
Spencer said Deadwood got the message. âThey’re downright scared. They will stop there and maybe consider increases later. “
The conversation reverted to Spencer’s proposal. “It looks like a good step forward,” said administrator Brian Sandvig of Milbank.
Administrator Jennifer Winter de Pierre, noting that “1989 was a little while ago,” questioned the possibility of asking the legislature to “increase” the $ 100,000 required by law from the State. âSometimes the law no longer reflects modern costs and needs,â she said.
But Spencer said he viewed Deadwood’s gaming taxes as a “zero sum” situation. He said any raise the company could get would take money away from other departments in the state that receive revenue from Deadwood.