16-7-23.3. Central Falls schools -- Return to local control -- Local appropriation.

(a) In fiscal years 2027 and thereafter, the city of Central Falls will contribute to the Central

Falls School District an amount at least equal to the sum of:

(1) One percent (1%) of the city's prior year total tax levy;

(2) The city's prior year contribution; and

(3) A contribution from the Central Falls school district's fund balance beginning with

$500,000 in fiscal year 2027, reduced by $50,000 annually in accordance with the final report of

the Special Joint Legislative Commission to Study the Return of Central Falls Schools to Local

Governance with a target end point that meets the Government Finance Officers Association’s

standards and aligns with the department of elementary and secondary education’s fiscal

accountability standards and annual reporting to ensure adequate funding of the foundation

education aid for all Central Falls students.