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Abstract: Using the staggered rollout of near-total abortion bans following the overturning of Roe v. Wade, we find that states implementing these bans experience increased municipal bond yields relative to those protecting abortion. The effects are stronger in areas with higher ex-ante abortion utilization, sharper ex-post declines in abortion access, greater public support for abortion rights, and higher female labor force participation. To explore channels, we examine an earlier rollout of state-level restrictions on abortion providers and find adversely impacted firm and reduced net in-migration as important drivers. Our findings underscore the economic implications of abortion policies for public financing costs.