Treasurer Sprague Announces 2024 OMAP Savings for the City of Uhrichsville

COLUMBUS – The Ohio Market Access Program (OMAP) administered by Ohio Treasurer Robert Sprague has helped the City of Uhrichsville (Tuscarawas County) enter the market and save an estimated $5,705.75 in interest costs.

“The past decade has seen OMAP become a valuable and reliable tool for local governments looking to enter the market and lower interest rates when financing important improvement projects,” said Treasurer Sprague. “The City of Uhrichsville has long been an OMAP partner, regularly utilizing the program to achieve meaningful savings. We’re proud to continue our partnership with the community and support them on this most recent deal, which brings their overall savings through the program to nearly $100,000 in recent years.”

The original note was issued to finance the costs of reconstructing, renovating, and improving the municipal park, swimming pool, and related recreational  facilities.  The City of Uhrichsville has utilized OMAP ten times since 2015, and the previous nine deals have saved the city an estimated $94,276.02 in interest expenses.

OMAP is a credit enhancement program that leverages the state’s excess liquidity and high short-term credit rating to help improve market access and lower borrowing rates for local governments. Since its 2014 launch, OMAP has supported more than 300 deals, ranging from $365,000 to over $100 million. There have been no defaults, and to date, OMAP has generated more than $5.8 million in estimated savings for local governments.

Any government subdivision in good fiscal standing, including cities, villages, school districts, counties, townships, and special districts, issuing short-term debt is eligible to participate. For more information, visit