SD HB1205

Changes the "index factor" for annual education funding adjustments from the lesser of Consumer Price Index change or 3% to the greater of CPI change or 3%, guaranteeing minimum 3% annual increases to target teacher salary and special education allocations

Removes sparse school district benefits (§§ 13-13-78, 13-13-79) and career and technical education funding (§§ 13-13-81, 13-13-82) from statewide local need calculations

Restructures wind energy tax revenue retention for wind farms producing power after June 30, 2016, maintaining the existing 5-year phase-out schedule (100% for years 1-5, decreasing 20% annually until year 10)

Target teacher salary for school fiscal year beginning July 1, 2025 is $62,821.19, with subsequent years increasing by the revised index factor