(A) The aggregate amount of taxes that may be levied by the Council without a vote of the people, on property assessed and listed for taxation according to value, shall not exceed in any one year seven mills for each one dollar of assessed valuation, of which not more than three mills may be levied for current operating expenses of the City and not more than four mills may be levied to pay the interest on and principal of all general obligation notes and bonds of the City heretofore and hereafter issued, provided that taxes levied to pay the property owners' portion of special assessment bonds and notes shall be exempt from such seven mill limitation.
(B) The limitation of this Charter upon the power of Council to levy taxes shall not operate as a limitation upon the power of Council to levy taxes upon such other subjects and for such other purposes as may be lawful under the Constitution and laws of the State of Ohio, nor shall the authority of Council to submit additional levies on property assessed and listed for taxation according to value to a vote of the people under the authority of the Constitution or laws of the State of Ohio be deemed impaired or abridged by reasons of any provision of this Charter.
(Amended 11-5-85)