Modifying certain metropolitan area transit and certain other local +tax provisions; providing a standing appropriation to the metropolitan +council from the metropolitan area transit appropriation account for metropolitan +area transit systems; eliminating the payment of market value homestead +credit reimbursements to cities; making optional the requirement for the +metropolitan council to provide financial assistance under the replacement service+ program to requesting metropolitan communities and limiting the amount of the assistance based on the total amount of transit tax levies collected +by the metropolitan council; modifying the authority of cities or towns +eligible for the assistance to impose local transit levies; modifying the transit +tax levy formula and imposing certain limits; requiring the council to impose +a levy on taxable property within the metropolitan transit area outside the +metropolitan taxing district, restricting use to paratransit services or ride +sharing programs outside the district; providing a formula for determination +of the maximum metropolitan council levy for general transit purposes on +taxable property within a city or town; reducing local government aid to +cities for and 2004; authorizing the metropolitan council and local + government units receiving certain revenues for transit services in calendar year 2002+ to borrow to replace certain lost revenue, authorizing a special levy for +repayment; repealing property tax replacement aid and certain city LGA increases (ra)