Performance pay is out, school autonomy is in the proposed three-year contract, which still requires approval from Providence teachers.
City officials say the Providence Teachers' Union has set May 20th as a tentative date for a vote.
Union and city leaders leaders reached a tentative agreement once before, but it failed after union members objected, at least in part, to a call for performance pay.
The agreement would have allowed the district to discuss a system of rewarding teachers for good performance, rather than time in the system.
The new tentative agreement provides raises based on years of service, known as steps, and a series of annual raises for all union members. They include a 1 percent raise at the start of the next school year and two raises, totaling 2.8 percent, by 2018.
The city estimates the raises will cost $6.3 million by fiscal year 2017, and an unspecified additional amount in 2018.
Also in the contract, a plan to promote more autonomy for schools and principals. The deal sets up an application process for pilot sites, schools that will receive flexibility from district policy in exchange for shared decision making by faculty, parents, students and administrators, and accountability for school improvement.
A policy prohibiting layoffs in Providence Public Schools ended with the last teacher contract, but school officials say they will extend the policy into this year due to the timing of the contract. Starting with the 2015-2016 school year, layoffs could return to the district.
If approved by the city's approximately 1,900 teachers, the new deal would also preserve the district's hiring policy, which fills openings through an interview process, rather than giving first priority to senior teachers.