The aggregate amount of taxes that may be levied by the Council for the year 1995 and thereafter without a vote of the people, on property assessed and listed for taxation according to value, for all purposes of the Municipality, shall not, in any one year, exceed twenty-three (23) mills per dollar of assessed valuation. Of said total maximum levy of twenty-three (23) mills, an amount shall annually be levied sufficient to pay the interest, sinking fund and retirement charges on all notes and bonds of the Municipality heretofore or hereafter authorized to be issued without the authority of the electors and, except as otherwise required by this Charter, such levy shall be placed before and in preference to all other levies and for the full amount thereof.
The voted millage in the amount of twenty (20) mills existing at the time of the effective date of this Charter and authorized to be levied on property assessed and listed for taxation according to value, shall not be levied for the years 1995 and thereafter.
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 of Ohio or this Charter, provided, however, that any tax on income shall not become effective until the same shall be approved by a favorable vote of the electors.