Kentucky Municipal Bond

Kentucky municipal bond funds and ETFs invest in debt obligations issued by... Kentucky municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Kentucky. 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. Kentucky has issued around $55 billion of municipal bonds, putting it roughly in the middle of states. A notable bond issuer is the Turnpike Authority, which funds road infrastructure. There are 120 counties in Kentucky. Voters typically must approval county and school district bond issuance. The state of Kentucky 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

Kentucky municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Kentucky. These funds typically include revenue bonds and general obligation bonds with... Kentucky municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Kentucky. 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. Kentucky has issued around $55 billion of municipal bonds, putting it roughly in the middle of states. A notable bond issuer is the Turnpike Authority, which funds road infrastructure. There are 120 counties in Kentucky. Voters typically must approval county and school district bond issuance. The state of Kentucky 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