Synopsis As Introduced Amends the School Code. Authorizes school districts to adopt mandate relief levies for special education mandates and transportation mandates. Requires each school district to include in its annual financial statement a report showing the receipts and disbursements for special educational purposes and for transportation purposes, including the balance in those funds. Amends the Property Tax Code. Changes the Truth in Taxation Law with respect to the form of the notice required to be published by school districts. Exempts the new school levies from the limitations imposed by the Property Tax Extension Limitation Law. Amends the State Mandates Act to require implementation without reimbursement. Effective July 1, 2005.