Sec. 52-3. Annual levy.

As soon as may be practicable after the passage of the appropriate resolution by the council, and after the ascertainment of the assessed valuation of property for taxation, but prior to June 30 of each year, the council by resolution to be recorded in its minutes, shall levy upon all of the taxable property of the county such rate of tax as shall be determined by the council to be necessary to provide a balanced budget for the fiscal year next ensuing.