Montana HB265 revises school funding laws to allow for inflation-adjusted increases in school district budgets.

Montana HB265 revises school funding laws to allow for inflation-adjusted increases in school district budgets. The bill ensures that school district budgets can be adjusted for inflation without requiring voter approval, provided certain conditions are met. It also mandates that any increase in local property taxes must be authorized by an election. The bill applies to various sources of school funding, including state equalization aid, county equalization aid, and nonlevy revenue. The changes are effective immediately upon passage and approval.

Montana HB265 revises school funding laws to allow for inflation-adjusted increases in school district budgets.

Montana HB265 revises school funding laws to allow for inflation-adjusted increases in school district budgets. The bill ensures that school district budgets can be adjusted for inflation without requiring voter approval, provided certain conditions are met. It also mandates that any increase in local property taxes must be authorized by an election. The bill applies to various sources of school funding, including state equalization aid, county equalization aid, and nonlevy revenue. The changes are effective immediately upon passage and approval.