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features of the operating budget and capital budget and means of <br /> financing the budgets. It shall indicate any major changes in <br /> financial policies and in expenditures, appropriations and <br /> revenues as compared with the fiscal year currently ending, and <br /> shall set forth the reasons for the changes. As to capital <br /> budget, the message shall include a list of pending and proposed <br /> capital improvements together with the mayor's comments on such <br /> list. It shall itemize and explain each pending capital <br /> improvement and each capital improvement proposed to be <br /> undertaken within the ensuing fiscal year, showing the estimated <br /> cost of each improvement and the pending or proposed method of <br /> financing it. The message shall also include such other <br /> supporting or explanatory material as the mayor deems desirable. <br /> • The mayor's budget message which accompanies the amendments <br /> to the operating budget and to the capital budget shall describe <br /> the changes in proposed expenditures and in revenue projections <br /> from the budgets which had been submitted on or before March 1, <br /> and shall describe the intervening changes in circumstances which <br /> lustifv the changes in the proposed expenditures and projected <br /> revenues. <br /> Section 10-4. Operating Budget and Capital Budget: Notice <br /> and Hearing. [A public hearing shall be held on the operating <br /> budget and capital budget not more than four weeks after <br /> submission thereof] . The council shall hold a public hearing on <br /> the operating budget and capital budget at any time after March <br /> 1. but prior to the first reading on the budget bills. At this <br /> -5- <br /> 1025 <br />