Tag: Seth Magaziner
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. 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...
Magaziner joins coalition against Trump administration’s Clean Power Plan repeal
PROVIDENCE – General Treasurer Seth Magaziner has joined a coalition of 11 state treasurers and local comptrollers asking the Environmental Protection Agency to halt...
Municipalities meet with credit rating agencies in Rhode Island
PROVIDENCE – Several city and town officials last week met with representatives of the largest credit rating agencies to learn more about how municipalities...
State looks to connect people, $300M that belongs to them
For many years, state governments in the United States have published websites linked to databases of names and addresses, spreading the word that they’re...
Magaziner receives national recognition for BankLocal program
PROVIDENCE – Rhode Island General Treasurer Seth Magaziner has received national recognition for his BankLocal program, which incentivizes financial institutions to make loans with...
State to return $10M in unclaimed property to 35K Rhode Islanders
PROVIDENCE – Christmas could come a little early this year for 35,000 unsuspecting Rhode Islanders.
The R.I. General Treasurer’s Office has designed a program matching...
Chafee fears buyout plan would delay COLAs
In an attempt to find savings in what’s become a challenging budget year, the state is offering about 1,000 public employees early-retirement buyouts.
The offer...
R.I. millennial lawmakers oppose congressional tax-cutting bill
PROVIDENCE – A host of millennial-age elected officials last week wrote a letter to federal lawmakers, urging the rejection of the congressional Republicans’ tax-cutting...
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