PBN: Magaziner: R.I. needs to make investment to stabilize economy; can safely borrow $587M through bonding

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By Mary MacDonald- July 14, 2020 12:32 pm

PROVIDENCE - Rhode Island has the debt capacity to borrow another $200 million this year, on top of the $387 million in bonds proposed in the original fiscal 2021 budget submitted by Gov. Gina M. Raimondo, according to General Treasurer Seth Magaziner.

Magaziner joined several economic and public officials Tuesday in calling for a large-scale state investment in areas such as housing and job training, to stabilize employment and reposition the state's economy through the COVID-19 crisis.

To view the complete article, visit Providence Business News

Courtesy of Providence Business News

PBN: Magaziner: R.I. needs to make investment to stabilize economy; can safely borrow $587M through bonding

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