<?xml version='1.0' encoding='utf-8'?>
<baltimore-city-law heading="§ 8-7 Annual Financial Plan.">
  <section prefix="§" num="8-7" heading="Annual Financial Plan.">
    <para num="(a)" heading="Board to adopt.">The Board shall adopt an annual financial plan (the “Financial Plan”), based on the City’s fiscal year, consisting of at least a budget and a proposed schedule of taxes or charges to be imposed throughout the District.</para>
    <para num="(b)" heading="Public hearing.">Before adopting the Financial Plan, the Board shall arrange for a public hearing on the proposed Plan.  Notice of the hearing must be published in a newspaper of general circulation in Baltimore City at least once a week for 3 consecutive weeks.</para>
    <para num="(c)" heading="Board of Estimates approval required.">The Authority may not approve a Financial Plan that includes taxes or charges in excess of those approved by the Board of Estimates.</para>
    <annotation type="History">Ord. 07-417</annotation>
  </section>
</baltimore-city-law>
