In any budget year, in anticipation of the collection of the property tax for such year, whether levied or to be levied in such year, the Council may by resolution authorize the borrowing of money by the issuance of negotiable notes of the city, each of which shall be designated “tax anticipation note for the year 20 ” (stating the budget year). Such notes shall mature and be payable not later than the end of the fiscal year in which the original notes have been issued.