CHAPTER 416

NEWARK

AN ACT AMENDING CHAPTER 152, VOLUME 48, LAWS OF DELAWARE, BEING AN ACT ENTITLED "AN ACT CHANGING THE NAME OF THE 'TOWN OF NEWARK' TO THE 'CITY OF NEWARK' AND ESTABLISHING A CHARTER THEREFOR" BY AMENDING THE PROVISIONS PERTAINING TO THE FISCAL YEAR, BUDGET, AUDIT, AND FINANCIAL STATEMENT, AND BY PROVIDING A DEADLINE FOR THE ESTABLISHMENT OF THE TAX RATE AND ADOPTION OF THE BUDGET IN EACH YEAR.

Be it enacted by the General Assembly of the State of Delaware (two-thirds of all Members elected to each House concurring herein):

Section 1. Section 30, Chapter 152, Volume 48, Laws of Delaware, is amended by striking out in the second line thereof the word "March", by inserting in lieu thereof the word "January", by striking out in the third line thereof the word "February" and by inserting in lieu thereof the word "December".

Section 2. That Section 31 of Chapter 152, Volume 48, Laws of Delaware, is amended by striking out all of the first paragraph thereof, and by inserting in lieu thereof a new paragraph to read as follows:

§ 31. Budget

Annually each year, and not later than the first Tuesday in December, the Council shall begin consideration of a proposed budget containing the financial plan for conducting the affairs of the City for the ensuing fiscal year.

Section 3. Section 31, Chapter 152, Volume 48, Laws of Delaware, is further amended by striking out all of the last paragraph thereof and by inserting in lieu thereof a new paragraph as follows:

The budget and the tax rate for the ensuing fiscal year shall be established and adopted by the Council not later than February 28 of each year.

Section 4. Section 32, Chapter 152, Volume 48, Laws of Delaware, is amended by striking out in the second line thereof the word "February" and by inserting in lieu thereof the word "December".

Section 5. Section 33, Chapter 152, Volume 48, Laws of Delaware, is amended by striking out in the second line the word "March" and by inserting in lieu thereof the word "January".

Approved July 11, 1955.