What figures from DESE show:

Department of Elementary and Secondary Education show Narragansett Regional School District, as of June 2019 was at 108.6 % of Net School Spending for FY 2018.

According to DESE, that is the latest financial data they have.

What is Net School Spending?

I. Three Components A.
A foundation budget calculated for the district representing minimum spending needed. Adjusted annually to reflect changes in enrollment, demographics, inflation, and geographical wage differences.
B. A local contribution or local appropriations required to meet net school spending.
C. Chapter 70 Aid is the share of the foundation budget funded by the state.

II. The Foundation Formula
A. Required Net School Spending = Local Contribution + Chapter 70 Aid.
B. Required Net School Spending = Foundation Budget.

 III. The Concepts
A. Foundation Enrollment – the number of students a district is responsible for educating financially as of October 1 each year.
B. Foundation Budget – increases or decreases based upon the foundation enrollment and the inflation factor used by the state.
C. Local Contribution is calculated by increasing the previous year’s contribution by the Municipal Revenue Growth factor and adjusting this number based upon municipality's' ability to pay, the latter based on the state’s aggregate wealth model.
D. Municipal Revenue Growth Factor is Towns' percentage increase in local revenues from one year to the next as calculated by the Department of Revenue.
E. The Aggregate Wealth Model looks at both personal income wealth statistics and property wealth statistics in a Town.