§ 20-8. Annual financial plan.

(a) Committee to adopt.

The District Management Committee shall adopt an annual financial plan, based on the City's fiscal year, consisting of at least a budget and a proposed District special assessment to be levied on assessed businesses.

(b) Public hearing.

Before adopting the financial plan and making recommendations to the City, the District Management Committee shall arrange for a public hearing on the proposed financial 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.

(c) Board of Estimates approval required.

The District Management Committee may not approve a financial plan that includes District special assessments in excess of those approved by the Board of Estimates.