(a) The president and the board shall make the tentative annual budget conveniently available to public inspection for at least ten (10) days prior to the passage of the annual budget, by publication in the journal of the proceedings of the president and the board or in such other form as the president and the board prescribe.
(b) Not less than one week after the publication of the tentative annual budget and prior to final action on the budget, the president and the board shall hold at least one public hearing on the tentative annual budget after which hearing or hearings the tentative budget may be further revised and passed without any further inspection, notice or hearing. Notice of this hearing shall be given by publication in a newspaper having a general circulation in the village at least one week prior to the time of the hearing. (M.C. 1963, § 6.109A; amd. Ord. 0-72-5)