The aggregate amount of taxes that may be levied by the taxing authority of the Municipality without a vote of the people, on any taxable property assessed and listed for taxation according to value, for all purposes of the Municipality, shall not in any one year exceed ten and no tenths (10.0) mills for each one dollar ($1.00) of assessed valuation. Of said total maximum levy, 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, which levy shall be placed before and in preference to all other levies and for the full amount thereof. Of the remaining portion of said total maximum levy, an amount shall annually be levied sufficient to provide the amounts required by law for police pensions and firemen's pensions; an amount not to exceed one (1) mill may annually be levied (a) for the purpose of paying the expense of recreation and providing recreational facilitates and (b) for any purpose for which bonds and notes of the Municipality may be issued under the laws of the State of Ohio; and the balance thereof, not in excess of six and nine-tenths (6.9) mills may annually be levied for the purpose of paying the current operating expenses of the Municipality.
(Amended by voters 11-7-67) (Ord. 2011-8. Passed 3-28-11) (Ord. 2019-39. Passed 12-9-19.)