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GENERAL TREASURER Seth Magaziner, left, celebrates moving $15 million in state deposits to local banks and credit unions at Budare Grille in Central Falls in August./ COURTESY R.I OFFICE OF THE GENERAL TREASURER

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...
SETH MAGAZINER is the Rhode Island general treasurer and is the custodian of all unclaimed property. / PBN PHOTO/ MICHAEL SALERNO

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...
BUYOUTS: Gov. Gina M. Raimondo’s decision to offer about 1,000 public employees early-retirement buyouts has received criticism from former Gov. Lincoln D. Chafee, saying the buyouts could delay cost-of-living adjustments owed to retirees beginning in fiscal 2030-31. / PBN FILE PHOTO/
MICHAEL SALERNO

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...
SETH MAGAZINER, Rhode Island general treasurer, was one of 15 millennial-age elected officials in the Ocean State to write a letter to federal lawmakers, urging the rejection of the Congressional Republicans’ tax-cutting legislation known as the "Tax Cuts and Jobs Act." / PBN FILE PHOTO/MICHAEL SALERNO

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...
THE PROPOSED STADIUM construction legislation, with revisions, is drawing concern from the Pawtucket Red Sox. / COURTESY PAWTUCKET RED SOX

Congressional tax bill could increase financing cost of PawSox stadium by...

PROVIDENCE – Congressional Republicans’ tax-cutting bill could add about $5.7 million to the 30-year debt-financing plan for a proposed Pawtucket Red Sox stadium deal...
R.I. GENERAL TREASURER Seth Magaziner has been elected vice president of the National Association of State Treasurers. He succeeds outgoing vice president Deborah Goldberg, state treasure of Massachusetts, beginning Jan. 1. / PBN FILE PHOTO/MICHAEL SALERNO

Magaziner named vice president of national treasurers group

PROVIDENCE – R.I. General Treasurer Seth Magaziner was elected vice president of the National Association of State Treasurers.The state treasurer will succeed outgoing vice...
FRONT-ROW SEAT: Pawtucket Red Sox Chairman Larry Lucchino, at left in the front row, listens during a Senate Finance Committee hearing at the ­University of Rhode Island’s Swan Hall in South Kingstown, during which the team, the public and others provided feedback on the proposed PawSox stadium deal. / PBN PHOTO/MICHAEL SALERNO

A financing plan for a new PawSox stadium leaves the state...

(Editor’s note: This is the first of a two-part series looking at development opportunities in Pawtucket and their implications for the city and state.)Attendees...
R.I. GENERAL TREASURER Seth Magaziner this month received the 2017 William A. Forbes Public Awareness Award from the Council for Economic Education in recognition of advancing financial literacy. / PBN FILE PHOTO/MICHAEL SALERNO

Magaziner recognized for advancing financial literacy

PROVIDENCE – R.I. General Treasurer Seth Magaziner this month was recognized for his work to advance financial literacy for students and families.The state treasurer...
GENERAL TREASURER SETH MAGAZINER is in charge the state pension fund and how it is invested./ PBN FILE PHOTO/MICHAEL SALERNO

Rhode Island executes on strategy, pulls $500M from hedge funds

PROVIDENCE – The state treasury has executed a yearlong strategy to unload about $500 million for the Rhode Island public pension plan.General Treasurer Seth...
SEN. SHELDON WHITEHOUSE, D-R.I., has introduced legislation that would require some employers, who do not provide retirement plans, to automatically enroll employees in Auto-IRAs. / COURTESY OFFICE OF U.S. SEN. SHELDON WHITEHOUSE

Whitehouse wants automatic IRAs

WASHINGTON – Sen. Sheldon Whitehouse, D-R.I., last week introduced legislation that would require some employers, who do not provide retirement plans, to automatically enroll...
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