"Truth and Fairness in Taxation Act" (TAFTA) or "State/Local Fiscal Relations: Truth in Taxation Act", recognizing the implications of addressing the state budget deficit without increasing general tax rates by preventing local property tax rate increases; freezing the benefit ratio used for city apportionment of levies to rural service districts; prohibiting local government units from incurring new debt by issuing obligations or entering into installment or lease purchase contracts or agreements after a certain date, exceptions; imposing certain levy limits for taxes payable in 2006, providing exceptions for debt service, annexation and school district statutory operating debt; freezing local match requirements; suspending local salary or budget increase appeals authority and proposed property tax notice (truth in taxation) and hearing requirements; freezing the fiscal disparities (revenue distribution) requirements in the metropolitan and tax relief areas; requiring levy reductions or adjustments under certain conditions; prohibiting unfunded pension liabilities of local police and fire relief associations from exceeding levies; requiring township boards of supervisors to adjust levies before the freeze termination year, authorizing reduction of expenditures to adjust for levy reductions; prohibiting local government units, special taxing districts or state agencies from imposing new or increasing the rates or amounts of existing fees; requiring and providing for the state to make payments to cities, counties and school districts for reimbursement for property tax and fee increases attributable to reductions in state aids and appropriating money to the commissioner of revenue for the reimbursements; savings clause; providing for termination of the freeze
(ra)