Amy Hetzner summarizes the absurd aspects of the current state school finance schemes:

For example: If a school district with a maximum levy of $1 million one year decides to levy only $900,000, that district annually would collect $25,000 less from then on. Districts that voluntarily restrict their levies one year will not be able to catch up unless they ask voters to approve a tax increase in a referendum.
Hartford High School plans to levy taxes as high as it can for the coming school year but will be able to carry over only $118,000 of the unused levy from the previous year, Tortomasi estimated.