Virginia Municipal Bond

Virginia Municipal Bond Funds and ETFs invest in debt obligations issued by... Virginia Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Virginia. 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. Virginia has issued around $67 billion of municipal bonds, putting it in the top half states by issuance. There are significant amounts of bonds issued for the housing development authority. There are 95 counties in Virginia. Voters typically must approval county and school district bond issuance. The state of Virginia 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

Virginia Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Virginia. These funds include revenue bonds and general obligation bonds with various... Virginia Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Virginia. 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. Virginia has issued around $67 billion of municipal bonds, putting it in the top half states by issuance. There are significant amounts of bonds issued for the housing development authority. There are 95 counties in Virginia. Voters typically must approval county and school district bond issuance. The state of Virginia 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