Subject to the State Constitution, and except as forbidden by it or by State law, the Council shall have full power to provide by ordinance for a system of local taxation.
This authority includes the power by ordinance to assess, levy and collect taxes on all subjects or objects of taxation except as limited or prohibited by the State Constitution, by this Charter or by laws imposing restrictions upon the City irrespective of Charter provisions; provided, however, the Council is hereby authorized to levy taxes for all general fund purposes without statutory limitation.