77 - Tax budget.

§ 77. Tax  budget.  The  amount of estimated expenditures contained in  the annual estimate adopted by the common council, less  the  amount  of  estimated  revenues  applicable to the payment thereof and the amount of  all judgments payable prior to the tax levy, shall  constitute  the  tax  budget.  The common council shall levy and cause to be raised by tax the  amount of said budget, and the amount  shall  be  levied,  assessed  and  raised  by tax upon the real and personal property liable to taxation in  the city at the time and in the manner provided by law.