South Dakota Municipal Bond

South Dakota Municipal Bond Funds and ETFs invest in debt obligations issued... South Dakota Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of South Dakota. 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. South Dakota has issued around $6 billion of municipal bonds, putting it in the bottom 10 of states by issuance. There are significant amounts of bonds issued for schools and hospitals. There are 66 counties in South Dakota. Voters typically must approval county and school district bond issuance. The state of South Dakota 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: 04/25/2024 View more View less

South Dakota Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of South Dakota. These funds include revenue bonds and general obligation bonds... South Dakota Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of South Dakota. 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. South Dakota has issued around $6 billion of municipal bonds, putting it in the bottom 10 of states by issuance. There are significant amounts of bonds issued for schools and hospitals. There are 66 counties in South Dakota. Voters typically must approval county and school district bond issuance. The state of South Dakota 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: 04/25/2024 View more View less