The fiscal year of the City shall begin on the first day of January. On or before the first business day of March in each year the Director of Finance shall prepare an estimate of the expense of conducting the affairs of the City for the year. This estimate shall be compiled from detailed information obtained from the various departments and shall set forth all information required by State law or requested by Council.
Upon receipt of the estimate, the Council shall at once prepare an appropriation ordinance in such manner as may be provided by ordinance or resolution, using the estimate as a basis. Provision shall be made for public hearings upon the appropriation ordinance before a committee of the Council or before the entire Council sitting as a committee of the whole.
(Amended November 5, 1996; November 8, 2005; November 3, 2009)