The Thornton City Council approved the annual budget and passed a water subsidy plan during their regular meeting on Monday, March 3.

     Following a public hearing, the council approved a budget for fiscal year 2014-15. The regular property levy for the new budget will be 13.92 per $1000 valuation, up .35 from the previous year due to increases in insurance and workers comp costs and a drop in the city’s property values. The agricultural land levy remains the same at 3.00375.

     Total revenues for the year jumped considerably, from $531,866 to $1,101,842, due to the pending lagoon project.

     In a related matter, the council approved Dorsey & Whitney to act as the city’s bond agents in financing the lagoon.

Read the full article in the March 6 edition of the papers.