City could lose $170K in state aid
The city of Rosemount will likely be out $171,000 as the results of spending cuts aimed at relieving the state's budget deficit. The cuts mean Rosemount probably will not receive its second scheduled payment from state market value homestead credit funds.
Expecting such a loss city staff acted with caution and made some spending cuts to absorb any surprises. With the governor's decision on state spending cuts expected any day now, those cuts look wise.