PROVIDENCE, R.I. (WLNE) — The Rhode Island Department of Education (RIDE), Providence Public School District (PPSD) and the City of Providence have announced a settlement agreement to provide PPSD with additional municipal funding. The agreement spans four years, and was reached after months of mediation and with a ruling from Rhode Island Superior Court Associate Justice Jeffrey A. Lanphear. According to RIDE, PPSD will receive the following from the city as part of the agreement: An additional $4 million for Fiscal Year 2024, bringing the City’s total contribution for that fiscal year to $134 million An additional $11 million for Fiscal Year 2025, bringing the City’s total contribution for that fiscal year to $146.5 million A $147 million total contribution for Fiscal Year 2026 (which equates to an $11.5 million increase from the City’s initial allocation for Fiscal Year 2025 of $135.5 million) A $147 million base contribution for Fiscal Year 2027, plus a percentage increase matching the percentage increase in total State educational aid in that fiscal year. “I’m relieved that we’ve reached an agreement that puts to rest the threatened cuts to our students in the current school year and ensures predictable funding for our schools in the years ahead,” said Providence Mayor Brett P. Smiley. “This settlement demonstrates the entire city’s commitment to education but also to our taxpayers. My Administration remains focused on building a stronger, more sustainable future for our students, their families and our neighbors.” Categories: News, Providence, Rhode Island