Treasurer / Statewide, RI
Seth Magaziner was elected to the office of Rhode Island General Treasurer in November of 2014, and is committed to promoting economic growth and expanding opportunity through honest, effective leadership.
As Treasurer, Seth launched the BankLocal program, which has helped hundreds of Rhode Island small businesses get access to the capital they need to grow and expand, by moving millions of dollars of the state’s cash to local community banks and credit unions. He also was a driving force behind Rhode Island’s once in a generation statewide school construction initiative and the establishment of the Rhode Island Infrastructure Bank. Seth made Rhode Island a leader in financial transparency with the launch of his Transparent Treasury initiative, that allows citizens to easily access information about where their public dollars are invested.
Seth was born in Bristol, Rhode Island, and started his career as a public school teacher, and later as an investment professional. He serves on the board of Crossroads RI, Rhode Island’s largest nonprofit provider of services to the homeless. Seth and his wife Julia live in Providence.
Seth Magaziner’s Ideas
Problem Too often, public pension investments are opaque and confusing to the public. A review of public pension websites nationally reveals that it is often very difficult for the public to access basic information on how pension investments are performing, which fund managers public funds are invested in, and what […]
Smart Government | Seth Magaziner | Treasurer | Statewide, RI
Problem Over 90% of companies in Rhode Island are small businesses, employing much of the private sector workforce. Entrepreneurs need access to affordable capital to launch and expand businesses, and the consolidation of the national banking industry has made it increasingly difficult for small-scale businesses to find lenders who are […]
Jobs and Entrepreneurship | Seth Magaziner | Treasurer | Statewide, RI
Problem Rhode Island’s energy costs are among the highest nationally because the state is a net energy importer and not a significant producer of fossil fuels or hydropower. Rhode Island’s publicly owned building stock also tends to be old and energy inefficient. Addressing this situation also provides an opportunity to […]
Climate Change | Seth Magaziner | Treasurer | Statewide, RI
Problem Every child deserves to attend a school that is warm, safe, dry and equipped for 21st century learning, but aging public school buildings are holding students back. An audit found over 50,000 deficiencies across 306 schools. These deficiencies, which would cost $2.2 billion to repair, range from threats to […]
Education | Seth Magaziner | Treasurer | Statewide, RI