The laws of Ohio relating generally to taxes, budgets, appropriations, deposits, expenditures, debts, bonds, contracts and other fiscal matters of the Municipality shall be applicable to this City except as modified by, or necessarily inconsistent with, the provisions of this Charter.
There is levied one and one-half (1.5) mills for the purpose of capital improvements and operational expenses of parks and recreational facilities for a period of five years, said years being 1968-1972 inclusive. Said levy shall be placed upon the tax lists of the current duplicate year of the election.
No ordinance or resolution shall be passed by the Council of the City of Medina, Ohio, providing for the taxation of the City of Medina, Ohio, of the income of any natural person, corporation or other taxable entity. No existing or future ordinance or resolution shall be enforced by any officer of the City of Medina, Ohio, imposing, collecting or otherwise levying any tax on, or measuring any tax by, income of natural persons, corporations or other taxable entities or increasing the rates thereof unless such tax or increase is approved by at least a majority of the electors of the City of Medina, Ohio, voting on such proposition at a regular primary or regular general election.
(Approved by voters November 4, 1980.)