Arizona Municipal Bond

Arizona municipal bond funds and ETFs invest in debt obligations issued by... Arizona municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Arizona. These funds typically 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. Arizona has issued around $40 billion of municipal bonds, putting in roughly in the middle of states. The state’s industrial development authority is a notable issuer. There are 15 counties in the state. Voters typically must approval county and school district bond issuance. Arizona 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: 04/24/2024 View more View less

Arizona municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Arizona. These funds typically include revenue bonds and general obligation bonds with... Arizona municipal bond funds and ETFs invest in debt obligations issued by a local government or entity in the state of Arizona. These funds typically 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. Arizona has issued around $40 billion of municipal bonds, putting in roughly in the middle of states. The state’s industrial development authority is a notable issuer. There are 15 counties in the state. Voters typically must approval county and school district bond issuance. Arizona 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: 04/24/2024 View more View less