New Jersey Municipal Bond

New Jersey municipal bond funds and ETFs invest in debt obligations issued... New Jersey municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of New Jersey. These funds typically include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to specific projects, while general obligation bonds are repaid from general government finances. New Jersey is one of the 10 largest issuers of municipal bonds in the U.S. with over $100 billion outstanding. The Educational Facilities Authority (NJEFA) is a notable issuer. There are 6 counties and 165 municipalities in New Jersey and voters must approve new debt for things like school districts. New Jersey 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: 02/05/2025 View more View less

New Jersey municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of New Jersey. These funds typically include revenue bonds and general obligation... New Jersey municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of New Jersey. These funds typically include revenue bonds and general obligation bonds with various maturity dates. Revenue bonds are linked to specific projects, while general obligation bonds are repaid from general government finances. New Jersey is one of the 10 largest issuers of municipal bonds in the U.S. with over $100 billion outstanding. The Educational Facilities Authority (NJEFA) is a notable issuer. There are 6 counties and 165 municipalities in New Jersey and voters must approve new debt for things like school districts. New Jersey 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: 02/05/2025 View more View less