SD SB200

Eliminates the "index factor" (annual CPI adjustment capped at 3%) from the general education funding formula, fixing the target teacher salary at $62,821.19 for fiscal year 2025 without automatic annual increases

Removes the index factor from special education funding, freezing per-student disability allocations at fiscal year 2025 levels (ranging from $7,650.45 for level one disabilities to $37,039.28 for level five disabilities)

Clarifies that only school districts created or reorganized before July 1, 2016 may use the alternative local need calculation, and removes the option for districts to permanently opt out

Changes how technical college instructor salary increases are calculated, basing annual adjustments on changes to the target teacher salary rather than the consumer price index

Makes technical amendments to renumber definitions and update statutory cross-references throughout the education funding statutes