Which of the following statements about public hearings for budget amendments is true?

Public hearings are an essential component of the municipal budget amendment process, providing a platform for transparency and public participation. The statement that amendments less than 1% do not require a hearing is correct because it often reflects a threshold set by local laws or policies that delineate when public input is necessary based on the magnitude of the changes proposed.

Lower-value amendments, typically deemed immaterial, may not warrant the same level of scrutiny or discussion from the community, given their limited impact on overall fiscal operations. This allows local governments to streamline their processes and focus resources on more significant amendments that could affect operations, service delivery, or the community's financial health.

In contrast, amendments that involve higher percentages or new revenue sources usually do require public hearings to ensure stakeholders can voice their opinions and concerns, fostering community engagement and accountability.