(a) The director of budget and fiscal services may recommend to the council a change to the rate or method of apportionment of an existing special tax for a district when:
(1) The annual special taxes from the district are in excess of the annual debt service and reserve requirements for and incidental expenses of the district; and
(2) The excess of annual special taxes is projected to continue in each year until expiration of the district.
The recommended change shall result in a rate or method of apportionment which reduces the annual special taxes from the district to an amount not less than the annual debt service and reserve requirements for and incidental expenses of the district.
The recommendation shall be accompanied by a justification and proposed ordinance of consideration.
(b) The council shall review and may approve the ordinance of consideration in accordance with this article.
(1990 Code, Ch. 34, Art. 4, § 34-4.4) (Added by Ord. 96-18; Am. Ord. 00-22)