§ 10.06. Council action on budget.

The council shall hold a public hearing, which may be adjourned from time to time, on the budgets provided for in Section 10.03 at a time and place announced in advance. The council may revise the budgets recommended by the mayor but may not reduce the appropriations for debt service for bonds already issued or for meeting any existing legal obligations of the city to pay for goods and services already received. Upon completion of the hearing or any adjournments thereof, and not later than the date provided by the budget calendar, the council shall by a resolution, and ordinance if applicable, adopt the budgets and certify tax levies no later than twelve (12) days before the date requiring property tax levy certification in accordance with state law, for the ensuing fiscal year. Adoption of the budgets shall constitute appropriations of the amounts specified therein as expenditures from the funds indicated. If the council fails to fix the amounts of the budgets for the next fiscal year, then the amounts of the operating budgets for that year shall be the same as the budgets for the year in which the failure occurs, except that the budgets for debt service shall be adjusted to meet the payments required for bonds outstanding. The capital budgets shall be set at the amounts identified in the next year's program year that was included with the current year's capital budget and the amount of general obligation bonding shall be the amount required to finance said next year's program.

(Ord. No. 17664, § 3, 6-29-89)