Illinois Municipal Bond

Illinois municipal bond funds and ETFs invest in debt obligations issued by... Illinois municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Illinois. 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. Illinois has issued around $165 billion of municipal bonds, putting it in the top 5 of states. A notable issuer is the University of Illinois. There are 102 counties in Illinois. Voters typically must approval county and school district bond issuance. The state of Illinois 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

Illinois municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Illinois. These funds typically include revenue bonds and general obligation bonds with... Illinois municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Illinois. 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. Illinois has issued around $165 billion of municipal bonds, putting it in the top 5 of states. A notable issuer is the University of Illinois. There are 102 counties in Illinois. Voters typically must approval county and school district bond issuance. The state of Illinois 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