E "State/Local Fiscal Relations: Truth in Taxation Act", + recognizing the implications of addressing the state budget deficit without increases+ in local property tax rates in 2004 and 2005; freezing the state general tax +rate, local levies for certain pension liabilities and the benefit ratio for city apportionment of levies to rural service districts at 2002-2003 +levels; prohibiting local government units and special taxing districts from +incurring new debt by issuing obligations or authorizing installment or lease +purchase contracts or agreements after a certain date; imposing certain levy +limits for taxes payable in 2004 and 2005; freezing local match and fiscal +disparities (revenue distribution) requirements in the metropolitan and taconite +tax relief areas and suspending local salary or budget increase appeals +authority and proposed property tax notice (truth in taxation) and hearing +requirements; requiring levy reductions or adjustments under certain conditions; +savings clause(mk, ja)