(a) Notice and Hearing. At the meeting of the Council at which the budget is submitted, the Council shall determine the time and place of a public hearing. The Council shall publish in one or more newspapers of general circulation in the City a notice stating:
(1) The times and places where copies of the message and budget are available for inspection by the public, and
(2) The time and place for a public hearing on the budget.
(b) Amendment Before Adoption. After the public hearing, the Council may adopt the budget with or without amendment.
(c) Adoption. The Council shall adopt the budget on or before the 28th day of March of the fiscal year currently ending. Adoption of the budget shall constitute appropriations of the amounts specified therein as expenditures from the funds indicated.