Ohio Municipal Bond

Ohio Municipal Bond Funds and ETFs invest in debt obligations issued by... Ohio Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Ohio. These funds 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. Ohio has issued around $94 billion of municipal bonds, putting it in the top 10 states by issuance. There are significant amounts of bonds issued for cities, hospitals, and sewer systems. There are 88 counties in Ohio. Voters typically must approval county and school district bond issuance. The state of Ohio 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

Ohio Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Ohio. These funds include revenue bonds and general obligation bonds with various... Ohio Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Ohio. These funds 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. Ohio has issued around $94 billion of municipal bonds, putting it in the top 10 states by issuance. There are significant amounts of bonds issued for cities, hospitals, and sewer systems. There are 88 counties in Ohio. Voters typically must approval county and school district bond issuance. The state of Ohio 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