state bonds
Public debt instruments
State bonds are debt securities issued by a state government to raise money for public projects like highways, schools, or infrastructure.
Investors lend money to the state and receive interest payments over time, then the principal at maturity.
In the U.S., interest from state bonds is often exempt from federal income tax, making them attractive to investors in higher tax brackets.
The state bonds funded construction of the new bridge.
- public debtState's accumulated financial obligations
- tax exemptFree from fiscal obligation
- debt servicePrincipal and interest payments
- budget deficitSpending exceeding revenue
- bond marketsWhere debt securities trade
Wall Street · credit ratings · investment grade · bondholder · risk assessment · debt ceiling · fiscal policy · job creation · public works · economic growth · coupon · fixed income · fiduciary duty · sovereign · portfolio · securities · government · fiscal
- local financecouncil tax, community banks, budgets, regional banks, county budget
- public debtnational debt, sovereign debt, federal debt, public debt, treasury notes
- public financepublic debt, budget deficit, tax revenue, budgets, expenditure
- public financestreasury notes, exchequer, public funds, public accounts, coffers
- state governmentgovernor's office, legislature, lieutenant governor, attorney general, departments
- municipal bondsmunis, bond issue, bond issues, bond rating, bond holders