(A) The Mayor shall prepare and maintain annual budgets which provide for sufficient revenue to meet estimated expenses for each year.
(B) Whenever it shall happen that the ordinary expenses of the town for any year shall exceed the income of the town, the Council shall provide for levying a tax in the ensuing year sufficient, with other sources of income, to pay the deficiency of the preceding year together with the estimated expenses for the ensuing year.
(C) The budget ordinance, detailing revenue, to include the property tax levy, and expense for each fiscal year, is adopted by reference and made a part of this code as fully as if set forth herein verbatim.
(Prior Code, § 3.04.020) (Ord. 96-03, passed - -)