Texas Municipal Bond

Texas Municipal Bond Funds and ETFs invest in debt obligations issued by... Texas Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Texas. 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. Texas has issued nearly $325 billion of municipal bonds, putting it third in terms of states by issuance. There are significant amounts of bonds issued for schools. There are 254 counties in Texas. Voters typically must approval county and school district bond issuance. The state of Texas 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

Texas Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Texas. These funds include revenue bonds and general obligation bonds with various... Texas Municipal Bond Funds and ETFs invest in debt obligations issued by a local government or entity in the state of Texas. 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. Texas has issued nearly $325 billion of municipal bonds, putting it third in terms of states by issuance. There are significant amounts of bonds issued for schools. There are 254 counties in Texas. Voters typically must approval county and school district bond issuance. The state of Texas 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