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ATTY/CHARTER AMENDMENTS/2018/2018 FINAL CHARTER AMENDMENTS REV: 07-18-18 VR Page 31 of 45 Section 51.5. ADOPTION OF BUDGET: At the meeting of the Council at which the budget is submitted, the Council shall set a time and place for a public hearing on the budget thereon, shall order copies thereof to be filed in the office of the City Clerk for inspection by the public and shall cause a notice to be published at least once in accordance with procedures established by ordinance of the Council for the publication of notices the official newspaper stating that copies of the budget are available for inspection at the City Clerk's office and stating the time and place at which the Council will hold the public hearing. At the time and place so advertised, or at such time and place to which such hearing may from time to time be adjourned, the Council shall hold a public hearing on the budget as submitted. After the conclusion of such public hearing, the Council may insert new items, delete items or may increase or decrease the amount of moneys set forth for the various items included therein. A copy of the budget as amended by the Council shall be certified by the City Clerk and the City Manager and shall be filed in the office of the City Clerk. The budget shall be finally adopted by resolution before the beginning of a new fiscal year upon a date established by resolution of the Council. Such resolution shall adopt the budget by reference to the certified copy thereof, as amended, on file in the office of the City Clerk, and such resolution shall be effective immediately upon final adoption thereof. From and after the effective date of the resolution adopting the budget, the several amounts stated in the budget as proposed expenditures shall become and thereafter be appropriated to the offices, departments, objects, and purposes therein stated for the fiscal year to which the budget is intended to apply. In the event a budget is not adopted before the beginning of a new fiscal year, the appropriation measures and budget from the prior fiscal year will remain in effect until a new budget is adopted. From time to time during the fiscal year, the Council may transfer sums from any appropriated item to any other appropriated item by resolution. Additional appropriations shall be accomplished in the manner provided for in Section 15 of the Charter. No appropriation shall be canceled in whole or in part except by resolution adopted by the affirmative vote of five-sevenths (5/7ths) of all members of the City Council. (As amended April 8, 1958, ratified by Legislature April 18, 1958) (As amended April 8, 1980, certified by Secretary of State April 25, 1980; as amended November 8, 2005 certified by Secretary of State January 24, 2006.) TAXES, ACCOUNTS, FUNDS, DEBTS Section 52. FISCAL YEAR: The fiscal year of the cCity shall commence on the first day of July of each year, or at such other times as may be fixed by ordinance. Section 53. TAXATION: Except as otherwise herein provided, the Council shall, by ordinance, provide a system for the assessment, equalization, levy, and collection of taxes, which, as nearly as may be, shall conform