In the United States, local governments and states often use their own budgets to purchase investment vehicles. States are permitted to invest in foreign bonds, supplementing foreign governments with public funds. One state in particular has invested hundreds of millions in Israeli war bonds—Florida.
Florida has the most Israeli war bonds in the country at $950 million. The Florida State Treasury under CFO Jimmy Patronis invested $250 million in Israeli bonds as of March 2024, acquiring $120 million more in late 2023, followed by another $50 million purchase in early 2024. The investment in Israeli bonds continues to grow despite the bond…
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