Providence schools to undergo financial analysis

By The Associated Press

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PROVIDENCE, R.I. (AP) – Rhode Island’s state education commissioner says the troubled Providence public school system will undergo a comprehensive financial analysis as part of its turnaround plan.     

Commissioner Angelica Infante-Green announced Monday that the financial analysis will be conducted by Ernst & Young LLP. It is expected to take two to three months.     

It is being funded by the Partnership for Rhode Island, a coalition of CEOs from some of the state’s largest businesses that also funded a Johns Hopkins Institute for Education Policy study that found widespread dysfunction in the city’s schools. The study prompted a state takeover of the system. That serves about 24,000 students.   

Tom Giordano, executive director of the partnership, said the goal of the financial analysis is to help provide a roadmap for an efficient use of resources.