The bill amends the definitions related to the school funding formula in South Dakota, specifically within section 13-13-10.1. Key changes include the inclusion of nonresident students in the care of state agencies in the fall enrollment count of the receiving district, and the establishment of a target teacher salary starting at $62,045.62 for the school fiscal year beginning July 1, 2024, which will increase annually based on the consumer price index. Additionally, the bill outlines various calculations for determining local need, alternative per student need, and local effort, which includes ad valorem taxes and wind energy tax revenue.

The bill also specifies the target teacher ratio factor based on fall enrollment numbers, the overhead rate, and adjustments for English learners and alternative instruction participation. It introduces a detailed framework for calculating funding needs and adjustments for school districts, ensuring that the funding formula is responsive to the specific needs of different districts based on their enrollment and other factors. Overall, the amendments aim to provide a more equitable and comprehensive approach to school funding in South Dakota.

Statutes affected:
Introduced, 12/27/2024: 13-13-10.1
Enrolled, 02/10/2025: 13-13-10.1