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GENERAL TREASURER SETH MAGAZINER announced the state has launched a new, dedicated information platform for bond investors, with an objective of increasing transparency into Rhode Island's public finances. / PBN FILE PHOTO/MICHAEL SALERNO

R.I. creates new information portal for bond investors

PROVIDENCE – With an objective of increasing transparency into Rhode Island’s public finances, the state has launched a new, dedicated information platform for bond...
PROBLEM AREA: The structural problems at Rogers High School in Newport are evident in the water-infiltration damage, which has affected both the interior and exterior of the building, which was completed in 1958. Jeff Watts, the school’s plant engineer, looks at one of the affected areas outside. / PBN PHOTO/MICHAEL SALERNO

Paying for badly needed school upgrades now will limit future borrowing....

Trinity Briceno, a senior at Cranston East High School, didn’t attend school between December and April.She was hospitalized in November after students and teachers...
TREASURER SETH MAGAZINER presents North Providence High School teacher Anthony Avicolli with the 2018 Financial Literacy Educator of the Year award. From left, Magaziner; Deb Avicolli, Anthony’s wife; Avicolli; and North Providence Mayor Charles A. Lombardi. / COURTESY R.I. OFFICE OF GENERAL TREASURER

Avicolli named R.I.’s 2018 Financial Literacy Educator of the Year

PROVIDENCE – Anthony Avicolli, a teacher at North Providence High School, has been named Rhode Island's 2018 Financial Literacy Educator of the Year.“Mr. Avicolli's...
R.I. GENERAL TREASURER SETH MAGAZINER and the Advosry Council on Locally Administered Pension Plans have released their annual report on state pension plans. / PBN FILE PHOTO/ MICHAEL SALERNO

Report: R.I. pensions carry $2.4B in unfunded liability

PROVIDENCE – General Treasurer Seth Magaziner released the report of the Advisory Council for locally administered pension plans last week, and included a new...
GENERAL TREASURER SETH MAGAZINER is in charge the state pension fund and how it is invested./ PBN FILE PHOTO/MICHAEL SALERNO

Rhode Island pension fund fell $263M in February

PROVIDENCE – The state’s $8.4 billion pension fund failed to yield positive returns in February, as market volatility helped fuel an overall decrease of...
RHODE ISLAND General Treasurer Seth Magaziner says his renewed strategy of moving nearly $500 million out of hedge funds and into more "traditional investments for growth and stability" has contributed to the state pension fund's robust growth, which earned about $255 million in January, representing a 3 percent return net of fees. / PBN FILE PHOTO/MICHAEL SALERNO

Rhode Island pension fund earns $255M in January

PROVIDENCE – The state pension fund earned $254.8 million in January, representing a 3 percent return net of fees.The $8.6 billion fund outperformed both...
THE RHODE ISLAND Manufacturers Association is hosting an event on Feb. 20 at the Providence Marriott Downtown in Providence to discuss tax reform and how manufacturers can help their businesses through research and development credits.

RIMA to hold tax reform event

PROVIDENCE – The Rhode Island Manufacturers Association is hosting a tax reform event on Feb. 20 in Providence.The event is called Tax Reform and...
R.I. AUDITOR GENERAL Dennis E. Hoyle released a report Friday that found the state worker pension plans had strong investment returns in fiscal 2017 but have fallen further behind their contractual payout obligations in the last three years. /PBN FILE PHOTO/MICHAEL SALERNO

State worker pension system had strong returns in ’17 but liability...

PROVIDENCE – Despite growing $686 million in fiscal 2017, the financial health of the state’s retirement system by some measures has declined in recent...
R.I. TREASURER SETH MAGAZINER announced that the Rhode Island pension fund earned $1.09 billion in 2017. / PBN FILE PHOTO/MICHAEL SALERNO

R.I. pension fund earned $1.09 billion in 2017

PROVIDENCE – Rhode Island’s pension fund earned more than $1.09 billion in 2017, ending the year with a value of $8.4 billion, R.I. Treasurer...

Task force recommends $500M bonding for school repairs, construction

PROVIDENCE – The Rhode Island School Building Task Force has recommended issuing $500 million in state general-obligation bonds for public-school construction and repair over...
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