A bill for an act relating to property taxation and local budgets by imposing requirements on those cities, counties, townships, and other property tax certifying boards that seek to increase the amount of property taxes certified for levy, requiring funding of real property-related services, changing the number of signatures necessary to protest an adopted county budget, requiring a transition for the imposition of city taxes against annexed property, abolishing county compensation boards, tying together the assessment limitations of certain classes of property, and including effective and retroactive and other applicability date provisions.