Editorial:Levy reduction is a feat worth appreciatingAs city and school governments around the state struggle to keep their budgets balanced it is worth noting that Rosemount continues to reduce the taxes residents pay
This is a challenging time to be in charge of a city budget. Construction has slowed, so after a period of explosive growth a city like Rosemount finds itself with a fraction of its former permit income.
The slowdown in growth has also taken a flow of new residents that once felt like a flood and turned it into a trickle. That means less new revenue from a growing tax base.
Throw in state funding decisions that carry their own set of challenges and it’s not difficult to see why some of Rosemount’s neighbors are struggling to balance their budgets. The Farmington City Council, for example, voted this week to approve a preliminary budget that includes tax increases this year and projections of further increases just to bring things back into balance and add some stability for the future.
Things are different in Rosemount, where the city council has once again approved a preliminary levy that will result in lower taxes for many residents. It’s not a big decrease, only about $38 for the owner of a median-value home. But considering what’s going on elsewhere in the state it’s an impressive accomplishment.
Getting to this point hasn’t been easy. Rosemount’s city leaders have had to lay off some employees, but given what’s been happening the layoffs make sense. They have come in part from a planning department that, with development slowed, has less on its plate.
More important, they have come in areas that should not have a significant impact on the service most Rosemount residents get from their city.
It is an impressive feat, and Rosemount’s finance department deserves praise for keeping the books balanced throughout a difficult time.