§ 7-7. Annual Financial Plan.

(a) Board to adopt.

The Board shall adopt an annual financial plan (the "Financial Plan"), based on the City's fiscal year, consisting of:

(1) a proposed schedule of taxes or charges to be imposed throughout the District; and

(2) a proposed budget.

(b) Public hearing.

(1) Before adopting the Financial Plan, the Board shall arrange for a public hearing.

(2) Notice of the public hearing on the Financial Plan:

(i) shall be published in a newspaper of general circulation in Baltimore City at least once a week for 3 consecutive weeks; or

(ii) may be given by alternative means in the event that State law permits alternative methods of providing public notice.

The Authority may not approve a Financial Plan that includes taxes or charges in excess of those approved by the Board of Estimates.

(d) First Financial Plan.

(1) The first Financial Plan may be for less than a full fiscal year.

(2) The initial Financial Plan for the Authority shall include all of the fiscal year ending on June 30, 2026, and may include the costs of preparing the Financial Plan and implementing the Authority and the District, so long as such costs were incurred during that fiscal year.

(3) If the Authority is not implemented as a result of the operation of § 7-15 of this subtitle, neither the Authority nor the District, nor the City, shall have any liability for costs incurred prior to the initiation of operations, whether or not incurred by the Administrator or on behalf of the District or the Authority.

(Ord. 25-001 Section 2; Ord. 22-176 Section 1; Ord. 04-672; Ord. 15-435; Ord. 99-432; Ord. 95-613.)

Prior Codifications

City Code, 1976/83, art. 1, §278

City Code, 1976/83, art. 1, §277

City Code, 1976/83, art. 1, §276

City Code, 1976/83, art. 1, §275

City Code, 1976/83, art. 1, §274

City Code, 1976/83, art. 1, §273(f)

City Code, 1976/83, art. 1, §273(e)

City Code, 1976/83, art. 1, §273(d)

City Code, 1976/83, art. 1, §273(b)(2), (c)

City Code, 1976/83, art. 1, §273(a), (b)(1), (b)(3)

City Code, 1976/83, art. 1, §272

City Code, 1976/83, art. 1, §271

City Code, 1976/83, art. 1, §270

City Code, 1976/83, art. 1, §269

City Code, 1976/83, art. 1, §268

City Code, 1976/83, art. 1, §267

City Code, 1976/83, art. 1, §266

Editor's Notes

By a series of enactments (the most recent being Resolution 20-017), the Mayor and City Council has continued the Authority and District through June 30, 2024.