Treasurer Sprague Announces 2024 OMAP Savings for the City of West Carrollton

COLUMBUS – The Ohio Market Access Program (OMAP) administered by Ohio Treasurer Robert Sprague has helped the City of West Carrollton (Montgomery County) enter the market and save an estimated $12,675 in interest costs.

“OMAP puts the power of the state’s balance sheet to work for our local communities by helping them to drive down borrowing costs and save money when completing important improvement projects,” said Treasurer Sprague. “This deal marks the eighth time our office has partnered with the City of West Carrollton through OMAP, and we’re proud to support the community’s continued efforts to achieve meaningful savings.”

The original note was issued to finance River District infrastructure projects and roadway and utility improvements.  The City of West Carrollton has utilized OMAP eight times since 2017, and the previous seven deals have saved the city an estimated $208,005.32 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 $5.6 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