TITLE

New Hampshire Going Taxable Route For $43 Million of Pension Fund GOs

AUTHOR(S)
O'Brien, Elizabeth
PUB. DATE
December 2004
SOURCE
Bond Buyer;12/28/2004, Vol. 350 Issue 32038, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that New Hampshire plans to enter the bond market in mid-January with an unusual competitive sale of $42.8 million of taxable general obligation bonds to fund the state's new pension plan for judges. Interest on the bonds will be tax-exempt on the state level but subject to federal income tax. New Hampshire sells most of its tax-exempt GO bonds competitively, but it is less common for governments to sell taxable bonds competitively. New Hampshire does not have a statewide income tax, but it does levy a 5% tax on interest and dividends above a certain threshold.
ACCESSION #
15505583

 

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