(A) Notice. The Council shall publish in one or more newspapers of general circulation in the city the general summary of the budget and 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, not less than two weeks after such publication, for a public hearing on the budget.
(B) Hearing; amendment before adoption. At the public hearing Council shall give all interested citizens the opportunity to express their views on the proposed budget. After the hearing Council may make such amendments as will add or increase programs or amounts or delete or decrease programs or amounts, except expenditures required by law or for debt service or for estimated cash deficit. However, no amendment to the budget shall ever increase the authorized expenditures to an amount greater than the total of estimated income; nor shall any amendment increase the property tax levy proposed in the budget without a second hearing held thereon following published notice of the proposed change in tax levy and reason therefor one week prior to the second hearing. Following the making of amendments Council may adopt the budget.
(C) Adoption. The Council shall by ordinance adopt the budget on or before the twentieth day of the May month of the fiscal year currently ending. If it fails to adopt the budget by this date, the amounts appropriated for current operation for the current fiscal year shall be deemed adopted for the ensuing fiscal year on a month-to-month basis, with all items in it prorated accordingly, until such time as the Council adopts a budget for the ensuing fiscal year. Adoption of the budget ordinance shall constitute an appropriation of the amounts specified therein for the municipal purposes indicated, and shall constitute a levy of the property tax therein specified, which levy shall not exceed the tax rate limit stated in this Charter.