Adopt the Property Tax Growth Limitation Act and the School District Property Tax Relief Act and change provisions relating to revenue and taxation

This bill establishes the Property Tax Growth Limitation Act to cap how much property taxes local governments like counties, cities, and villages can raise starting in fiscal year 2025. The law calculates a baseline tax limit based on previous year's taxes, adjusted for new construction, property value changes, and inflation, while allowing exceptions for approved bonds, declared emergencies, and specific public safety needs. Local governments can also exceed this limit if voters approve a tax increase through a special election or if they budget for certain services like public defenders. Additionally, the bill amends other state statutes related to revenue, taxation, and budgeting to align with these new property tax rules.