Before the annual appropriation bill, as provided for in § 35.22, shall be passed, the Mayor and Council shall prepare an estimate of the probable amount of money necessary for all purposes to be raised by taxation in the city during the fiscal year for which appropriation is to be made, including interest and principal due on the bonded debt and sinking fund, itemizing and classifying the different objects and branches of expenditure, as nearly as may be, with a statement of the entire revenue of the city for the previous fiscal year. The annual estimate or yearly budget shall be presented to the Mayor and Council in the form of a resolution, shall be passed, approved and entered at large upon the minutes of the proceedings of the Council and thereafter a copy thereof published by the Clerk for four weeks in some legal newspaper published or of general circulation in the city.
(Prior Code, § 35.21)