Before its final adoption, a public hearing on the budget proposal shall be held as provided by law. Notice of the time and place of holding such hearings shall be published by the City Clerk-Treasurer in a newspaper having general circulation in the City at least a week in advance thereof. A copy of the proposed budget shall be on file and available to the public during office hours at the office of the City Clerk-Treasurer for a period of not less than one (1) week prior to such public hearing.