The proposed bill establishes the Warwick Public Schools Budget Commission, which will consist of five members: three appointed by the mayor with city council consent, one designee from the Warwick superintendent of schools, and one from the chair of the Warwick school committee. The commission will be responsible for overseeing school spending, requiring approval for all expenditures, and developing a three-year financial plan aimed at achieving fiscal stability within the Warwick public schools district. The commission's actions will be subject to public records, ethics, and open meetings laws, and it will have the authority to amend the school budget, implement uniform financial guidelines, and conduct audits.

The commission will cease to exist once two conditions are met: the approval of the FY 2025-2026 school budget and the adoption of a deficit reduction plan approved by the auditor general. Importantly, the commission will not have the authority to alter collective bargaining agreements, hire or terminate personnel, or make decisions regarding projects funded by bond proceeds. This act will take effect upon passage, aiming to address the financial challenges faced by the Warwick public schools.