Provide Over-BASE levy authority consistent with inflation adopted by the legislature

HB 265 proposed changes to how Montana school districts manage their general fund budgets, primarily affecting school boards and local taxpayers. The bill would have allowed school boards to increase a previously voter-approved local property tax levy (an "over-BASE levy") by the same inflationary adjustment provided by the legislature for state school funding. This adjustment would not require a new vote from district electors, provided the increase was solely due to the legislative inflation adjustment and stayed within overall budget limits. The bill aimed to improve the alignment of school funding with the defined "basic system" and ensure annual inflationary adjustments are included in the funding formula.