Latest news with #JamesDiossa
Boston Globe
4 days ago
- Business
- Boston Globe
Rhode Island GO bond offering has begun
Earlier this month, I hosted our second Rhode Island is poised to offer anyone who invests competitive returns while ensuring that we have the resources necessary to make major investments in education, infrastructure, and environmental projects. These funds will support major public investments in infrastructure, education, clean energy, and housing. Advertisement While these bonds have always been popular with institutional investors, they're also open to individuals and I believe more Rhode Islanders should take advantage of them. When residents invest, it sends the message that our state belongs to all of us. When you buy these bonds, you're not just investing your own financial portfolio, you're investing in the roads you drive on, the schools your children attend, and the climate-resilient projects that will protect our shoreline. You're doing so through a low-risk vehicle that has a track record of delivering steady returns. The State of Rhode Island's next GO bond offering begins June 9. You can learn more about these bonds, the terms, and more at James Diossa is the Rhode Island General Treasurer.
Yahoo
20-05-2025
- Business
- Yahoo
Community Focus: Rhode Island General Treasurer James Diossa
EAST PROVIDENCE, R.I. (WPRI) — General Treasurer James Diossa joined 12 News at 4 on Monday to talk about saving for college, medical debt relief, and unclaimed property. College Bound Saver: Special 529 Day offer Learn more: Medical debt relief for Rhode Islanders Recover your unclaimed property Download the and apps to get breaking news and weather alerts. Watch or with the new . Follow us on social media: Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Boston Globe
15-05-2025
- Business
- Boston Globe
With climate change our new reality, it's time to invest in a more resilient Rhody
As we celebrate Get Rhode Map A weekday briefing from veteran Rhode Island reporters, focused on the things that matter most in the Ocean State. Enter Email Sign Up Thanks to the Rhode Island Using funding from recent voter-approved Advertisement These are all excellent investments, but the reality is the demand for limited resilience grant funding has greatly exceeded available resources. Indeed, the Infrastructure Bank typically receives funding requests from our cities and towns that are double and triple what is available through Municipal Resilience Program Action Grants. That is why we have introduced legislation at the General Assembly to create the The fund would work by creating a revolving source of low-interest loan financing for municipal resilience projects, similar to Rhode Island's Not only are resilient infrastructure improvements important to the basic functioning of our communities, they are also an excellent investment. According to a The time has come to move beyond planning for extreme weather events and to dedicate resources toward solutions. Our state has made real progress upgrading infrastructure to make it more resilient to the impacts of climate change, and now is the time to create a reliable, long-term source of funding so our cities and towns can build a Resilient Rhody. Advertisement James Diossa is Rhode Island's General Treasurer, Vahid Ownjazayeri is chair of the Rhode Island Infrastructure Bank's Board of Directors, and William Fazioli is the executive director of the Rhode Island Infrastructure Bank.
Yahoo
01-05-2025
- Business
- Yahoo
Open a new CollegeBound Saver account in May and get $250
The office of Rhode Island General Treasurer James Diossa is giving out $250 to the first 160 families who sign up during May 2025 for the state's 529 Plan. (Getty Images Plus) The first 160 Rhode Island families to open a CollegeBound Saver account for a child up to 5 years old during the month of May using a promo code are eligible to receive $250 to jumpstart their education savings. The offer was announced by the office of Rhode Island General Treasurer James Diossa Thursday in partnership with the Rhode Island Association for the Education of Young Children. 'When we talk about giving kids the best start, it's not just about those first steps — it's about building a future full of opportunity and support,' Diossa said in a statement. An account must be opened on the CollegeBound Saver website with the promo code 529Day to receive the promotion. An account takes about 10 minutes to set up, according to the website. CollegeBound Saver is Rhode Island's iteration of a 529 plan, which is intended to boost families' savings for future education costs for children or other beneficiaries. Rhode Island plan assets grow tax-deferred and withdrawals are tax free when used for higher education costs. Savings can be put toward expenses at any accredited university or college in the U.S. or abroad. They can also be used for trade and vocational schools and registered apprenticeship programs. Last year, Diossa's office participated in 529 Day, the national celebration of 529 plans, and deposited $300 contributions into new CollegeBound Saver accounts through a partnership with the Rhode Island Foundation and the Office of the Postsecondary Commissioner. That promotion lasted for 24 hours and kids ages 3 through 7 were eligible. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
Yahoo
04-03-2025
- Health
- Yahoo
RI forgives more than $7M in medical debt through new initiative
PROVIDENCE, R.I. (WPRI) — The Rhode Island Medical Debt Relief Program, which launched last fall, has already forgiven more than $7 million worth of unpaid medical debt, General Treasurer James Diossa announced Monday. Diossa said more than 3,000 Rhode Islanders have benefited from the initiative, which purchases, cancels and forgives qualifying medical debt. So far, the initiative has leveraged approximately $50,000 to purchase medical debt from health care providers. The state treasury teamed up with Undue Medical Debt to launch the program, for which the R.I. General Assembly allocated $1 million, back in October. RELATED: Rhode Island launches new medical debt relief program 'Many Rhode Islanders face significant challenges due to medical bills, which can prevent access to necessary treatment,' Diossa said. 'This program provides crucial relief to many who are burdened with medical debt, and I hope to wipe out even more debt soon.' Undue Medical Debt is a national charity that specializes in purchasing medical debt from healthcare providers and debt collectors. To date, the charity has abolished nearly $15 billion worth of medical debt nationwide. Rhode Islanders whose medical debt has already been forgiven will receive Undue Medical Debt-branded notification letters in the mail this week detailing the amount of debt forgiven and the former debt holder. LEARN MORE: Rhode Island Medical Debt Relief Program Medical debt forgiven through the initiative is considered a no-strings-attached gift that does not count as earned income or incur taxes. There is no application process for the program, and qualifying debt will automatically be canceled as it is identified and acquired. Rhode Islanders are eligible for relief if their medical debt equals 5% or more of their estimated annual income or if their estimated annual income is at or below 400% of the federal poverty line. Diossa plans on making subsequent announcements as more medical debt is acquired. Download the and apps to get breaking news and weather alerts. Watch or with the new . Follow us on social media: Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
