(a) In addition to the tax provided for under Section 195.01, which is levied at a rate of one-and-one-half percent (1-1/2%), an annual tax of one-half percent (1/2%) shall be imposed on and after July 1, 2015, and ending June 30, 2030. Such tax shall be levied and collected in the same manner as the tax provided for in Section 195.01. The proceeds of such tax shall be used for current operating expenses and capital improvements; provided, however, that at least ten percent (10%) of such proceeds shall be placed in the permanent improvement funds of the City, and, as appropriated from time to time, shall be used for, and only for, capital improvement purposes of the City, including debt service charges on notes and bonds issued for capital improvements of The City of Springfield, Ohio.
(b) During the period that a tax levied on salaries, wages, commissions, and other compensation, and on net profits, is at an aggregate rate of two percent (2%) or more, there shall be a limitation on the tax levy upon the tax lists or duplicate of property listed for taxation according to value for all the purposes of The City of Springfield, Ohio, to .6 (6/10) of a mill for each one dollar of valuation through fiscal year 2030, without the approval of a majority of electors voting upon such levy.
(Ord. 14-159 Passed 5-6-14 by electorate 3,249 for, 2,163 against.)