During a visit to the construction site of the future East Providence High School today Treasurer Seth Magaziner announced new measures to make it easier for Rhode Islanders to invest in state bonds and the launch of a campaign to encourage Rhode Islanders to invest in bond-funded school construction and environmental projects.
The announcement was made ahead of the state's plans to offer $153 million in bonds to support school construction, clean water and other infrastructure projects throughout the state. Projects being funded include new high schools in East Providence and Lincoln, renovations to Smithfield Elementary School, the dredging the Providence River, and funding for the Clean Water State Revolving Fund, as well as more than a dozen other voter-approved initiatives across the state.
"Beginning next week, Rhode Islanders will have a chance to make our state stronger by investing in Rhode Island Bonds," said Treasurer Magaziner. "By investing in Rhode Island Bonds, you will play a direct role in improving our state's schools and natural environment, while also helping to keep more of the interest we pay to bondholders right here in Rhode Island."
The Treasurer partnered with local artists to raise awareness about the opportunity to buy Rhode Island bonds and the projects they will fund.
"I appreciate the opportunity Treasurer Magaziner has given me to be a part of this campaign. I was inspired by the New Deal era posters that showcased the grit and determination of working people," said local artist Simon Allen. "Bringing that style into the 21st century and benefiting the state where I live is very meaningful. I'm proud to know that these posters and will help raise awareness and the spotlight will help fund infrastructure projects across Rhode Island."
Beginning Tuesday, November 26, 2019, Rhode Islanders will be able to access information about the upcoming bond sale, the artwork, projects being supported and information for investors at www.RhodeIslandBonds.com. Bonds will be sold the week of December 10, 2019.