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The budget for the ensuing fiscal year shall be adopted not later than June 30 prior to the beginning of the budget year. Should the Council fail to adopt the budget on or before such day, the proposed budget as submitted by the City Manager or as there-after duly amended by the Council shall constitute an appropriation as to all expenditures proposed therein, except capital outlays, until further action by the Council.
('86 Code, § 3.12.110) (Ord. 3552, passed - - )