Rhode Island Municipal Bond

Rhode Island Municipal Bond Funds and ETFs invest in debt obligations issued... Rhode Island Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Rhode Island. 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. Rhode Island has issued around $12 billion of municipal bonds, putting it just outside the bottom 10 of states by issuance. There are significant amounts of bonds issued for the Rhode Island Health and Educational Building Corp., as well as the Rhode Island Infrastructure Bank. There are 5 counties in Rhode Island. Voters typically must approval county and school district bond issuance. The state of Rhode Island 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: 04/23/2024 View more View less

Rhode Island Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Rhode Island. These funds include revenue bonds and general obligation bonds... Rhode Island Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Rhode Island. 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. Rhode Island has issued around $12 billion of municipal bonds, putting it just outside the bottom 10 of states by issuance. There are significant amounts of bonds issued for the Rhode Island Health and Educational Building Corp., as well as the Rhode Island Infrastructure Bank. There are 5 counties in Rhode Island. Voters typically must approval county and school district bond issuance. The state of Rhode Island 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: 04/23/2024 View more View less