An Act amending the act of June 27, 2006 (1st Sp.Sess., P.L.1873, No.1), known as the Taxpayer Relief Act, in taxation by school districts, further providing for adoption of preliminary budget proposals, repealing provisions relating to local tax study commission and further providing for public referendum requirements for increasing certain taxes and for school district tax notices; in State funds formula, providing for Public School Employees' Retirement System pension contribution cost savings; and, in tax relief in cities of the first class, further providing for tax relief.