Providence Schools Face $17M Loss as Excel Academy Plans to Enroll 1858 Students

During a recent Providence City Council meeting, significant concerns were raised regarding the potential impact of a new charter school, Excel Academy, on the Providence public school system. The superintendent of Excel Academy indicated that by the 2030-2031 school year, the institution is projected to serve approximately 2,186 students, with 85% of them being from Providence. This translates to an estimated 1,858 students leaving the public school system, which could lead to a substantial financial loss for the district.

The financial implications are staggering. Providence currently spends about $18,376 per student annually. If 1,858 students transfer to Excel, the district could face a gross loss of approximately $34.15 million in funding. However, due to the nature of school funding, the net loss is expected to be around $17 million, as districts can only recover about 50% of the funding lost when enrollment decreases.

This financial strain comes at a time when the city is already grappling with a $15 million lawsuit related to past funding issues. The council member who spoke emphasized that the consequences of this potential loss extend beyond mere numbers; they directly affect children and families, particularly those with disabilities. Currently, about 38% of the Providence public school budget is allocated to special education services, which are crucial for the most vulnerable students.

The speaker passionately articulated the risks associated with defunding public education, warning that the ongoing trend of students leaving the district could jeopardize the quality of special education services. With fixed costs that continue to rise, the district may struggle to provide adequate support for students with disabilities, leading to potential legal repercussions for failing to meet federally mandated services.

As the council deliberates on the implications of the Excel Academy's establishment, the discussions highlight a critical moment for Providence's educational landscape. The decisions made in the coming months will not only shape the financial future of the public school system but also determine the level of support available for its most vulnerable students. The council's next steps will be crucial in addressing these pressing concerns and ensuring that the needs of all students are met.