Pennsylvania Municipal Bond

Pennsylvania Municipal Bond Funds and ETFs invest in debt obligations issued by... Pennsylvania Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Pennsylvania. 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. Pennsylvania has issued around $128 billion of municipal bonds, putting it in the middle states by issuance. There are significant amounts of bonds issued for educational institutions as well as the state’s development financing authority. There are 67 counties in Pennsylvania. Voters typically must approval county and school district bond issuance. The state of Pennsylvania 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: 04/19/2024 View more View less

Pennsylvania Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Pennsylvania. These funds include revenue bonds and general obligation bonds with various... Pennsylvania Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Pennsylvania. 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. Pennsylvania has issued around $128 billion of municipal bonds, putting it in the middle states by issuance. There are significant amounts of bonds issued for educational institutions as well as the state’s development financing authority. There are 67 counties in Pennsylvania. Voters typically must approval county and school district bond issuance. The state of Pennsylvania 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: 04/19/2024 View more View less