The Council shall hold a public hearing on the budget submitted by the Mayor at any time not less than ten days prior to the date Council is required by general law to enter its final levy order. All interested persons shall be given an opportunity to be heard for or against any item or expenditure. Council shall cause a notice of the time and place of such public hearing to be published not less than five days prior to the holding thereof in two newspapers of opposite political affiliation having a general circulation in the City.