Preparation of Budget

Notwithstanding anything contained in the Municipal Account Code, the Executive Officer shall be responsible for the preparation and submission to the committee of the annual estimate of income and expenditure, and, if it is in his opinion necessary or expedient to vary taxation or to raise loans, shall submit his proposals in regard thereto. In sub-section (2) of section 81 the words "Executive Officer" shall be deemed to be substituted for the words "President and Vice-President or the Secretary."