Hawaii Municipal Bond

Hawaii municipal bond funds and ETFs invest in debt obligations issued by... Hawaii municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Hawaii. These funds typically include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to projects, while general obligation bonds are repaid from general government finances. Hawaii has issued around $20 billion of municipal bonds, putting in the lower-middle relative to states that issue these bonds. Among other purposes, bonds are issued for highways and community development. There are 5 counties in Hawaii. Voters typically must approval county and school district bond issuance. The state of Hawaii also issues general obligation bonds to fund its operations. Investors buy municipal bonds because they can benefit from attractive after-tax yields. Generally speaking, municipal bonds are exempt from federal tax, and also exempt from state tax if purchased by an in-state resident. Last Updated: 12/27/2024 View more View less

Hawaii municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Hawaii. These funds typically include revenue bonds and general obligation bonds with... Hawaii municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Hawaii. These funds typically include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to projects, while general obligation bonds are repaid from general government finances. Hawaii has issued around $20 billion of municipal bonds, putting in the lower-middle relative to states that issue these bonds. Among other purposes, bonds are issued for highways and community development. There are 5 counties in Hawaii. Voters typically must approval county and school district bond issuance. The state of Hawaii also issues general obligation bonds to fund its operations. Investors buy municipal bonds because they can benefit from attractive after-tax yields. Generally speaking, municipal bonds are exempt from federal tax, and also exempt from state tax if purchased by an in-state resident. Last Updated: 12/27/2024 View more View less