A. Each year during the annual budget process, the City Council shall receive an annual report detailing the income and expenditures of the fund. This report shall be in writing and shall be presented at a meeting of the City Council by representatives of the Public Works Department or the Administration Department.
B. In the event that any State or County legislation is enacted that either changes the rate of a tax or enacts a new tax, the purpose of which tax is to provide funds for the operation, improvement, or maintenance of Municipal streets, and that results in the City receiving increased revenues dedicated to that purpose, the City Council may hold a public hearing to consider the question of whether the fee should be reduced to offset, either entirely or partially, those increased revenues. Such hearing may be held as a part of the public hearing held on the City budget, so long as this question is specifically addressed. (Ord. 2018-09, 2-20-2018)