About

Learn about Rhode Island Investor Relations, including Featured News, 2021 State Bond Project Updates, and The Team.

Population of
1.06 Million
AA/Aa2/AA
Bonds Outstanding
$2.5 billion

About Rhode Island

The smallest state of the union, the State of Rhode Island, is one of the most densely populated and heavily industrialized for its size. For a state that is only 37 miles wide and 48 miles long, it is notable that its shoreline on Narragansett Bay in the Atlantic Ocean runs for 400 miles.

Rhode Island is known for sandy shores and seaside Colonial towns. It's home to several large cities, including Newport, which is famed for sailing and Gilded Age mansions, such as The Breakers. Providence, its capital, is home to Brown University, Roger Williams Park, Waterplace Park and Riverwalk, with the famed WaterFire art installation.

2021 State Bond Project Updates

2021 State Bond Project Updates

State of Rhode Island 

Spring 2021 GO Bond Issuance

New Money Bonds - $135.9* million for projects, including:

    • K-12 School Buildings and Early Childhood Care and Education
    • Affordable Housing
    • Highway Improvement Program
    • Environmental Projects (Coastal Resiliency, Wastewater Treatment Facility Resilience Projects, Stormwater Pollution, Brownfields Remediation, Dam Repair, Clean Water/Drinking Water Projects, Flood Control)
    • $53.5* million of projects from the recently passed bond referendum

New Money Bond Structure

    • 2021 Series A (Tax-Exempt): $120.4* million with final maturity of 20 years
    • 2021 Series B (Federally Taxable): $15.5* million with final maturity of 10 years
    • Refunding of $80.7* million of outstanding G.O. Bonds to generate debt service savings

*Preliminary, subject to change.  For more information, see the Preliminary Official Statement dated April 9, 2021.

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View 2021 State Bond Project Updates

The Team

Seth Magaziner

General Treasurer

(401) 222-2397

debt.management@treasury.ri.gov

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Peter Keenan

State Controller

(401) 222-6408

Peter.Keenan@doa.ri.gov

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Thomas Mullaney

State Budget Officer

(401) 222-6300

Thomas.Mullaney@budget.ri.gov

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Francis Quinn

Director of Debt Management

(401) 462-6951

Francis.Quinn@treasury.ri.gov

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