Idaho Municipal Bond

Idaho municipal bond funds and ETFs invest in debt obligations issued by... Idaho municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Idaho. 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. Idaho has issued around $6 billion of municipal bonds, putting it in the bottom 10 of states. A notable feature is the Idaho Bond Bank which helps municipalities with financing needs. There are 44 counties in Idaho. Voters typically must approval county and school district bond issuance. The state of Idaho 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

Idaho municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Idaho. These funds typically include revenue bonds and general obligation bonds with... Idaho municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Idaho. 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. Idaho has issued around $6 billion of municipal bonds, putting it in the bottom 10 of states. A notable feature is the Idaho Bond Bank which helps municipalities with financing needs. There are 44 counties in Idaho. Voters typically must approval county and school district bond issuance. The state of Idaho 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