Finds that: (1) Taxpayers should be protected from large, unanticipated tax increases by port districts;

(2) Port districts should be encouraged to implement better long-term fiscal planning and more prudent money management so as to avoid such large increases in tax levies; and

(3) It is good public policy to impose reasonable constraints on the authority of large port districts to impose unduly burdensome tax increases.

Modifies property tax limitations for port districts.