Does Home Rule give the city government the ability to spend as it sees fit without a vote from voters?

No. Home  rule  does  not  provide  spending  authority.   The  budget  provides  the  annual  spending  authority.  The City Council approves resolutions for contracts and large purchases. 

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1. What are the immediate and long-term benefits of home rule for the City?
2. Does Home Rule give the city government the ability to spend as it sees fit without a vote from voters?
3. With home rule do you need a referendum to increase salaries for City administrative personnel?