§ 8-7. 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 at least a budget and a proposed schedule of taxes or charges to be imposed throughout the District.

(b) 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.

(c) 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.