Spaulding calls for immediate purchase of tax-free bonds

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Vermont State Treasurer Jeb Spaulding is urging Vermonters who want to buy state tax-free bonds to contact their local broker immediately.

The $14.5 million in “Citizen” and “Citizen Environmental” Bonds will be issued tomorrow.

Spaulding says the availability of the bonds may be limited.

He also warns that purchasing tax-free bonds many be not an appropriate choice for all investors.

Spaulding advises that people who need their money before the bonds mature or who are in lower tax brackets may be better off investing elsewhere.

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