(A) The Village Council shall fix the time and place of a public hearing to be held on the budget and proposed budget resolution. The Village Clerk shall then have published in a newspaper of general circulation within the village, notice of the hearing and an indication of the place at which the budget and proposed budget resolution may be inspected by the public. This notice must be published at least seven days before the date of hearing.
(B) The Village Council may direct the Chief Administrative Officer to submit any additional information it deems relevant in its consideration of the budget and proposed budget resolution. The Village Council may conduct budgetary reviews with the Chief Administrative Officer for the purpose of clarification or justification of proposed budgetary items.
(C) The Village Council may revise, alter or substitute for the proposed general budget resolution in any way, except that it may not change it in a way that would cause total appropriations, including an accrued deficit, to exceed total estimated revenues, including an unappropriated surplus. An accrued deficit shall be the first item of expenditure in the general appropriations measure.
(Ord. 147, passed 5-19-2004)