Treasurer Sprague Announces 2023 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 $5,707 in interest costs over the next year.

“This latest deal marks the ninth time the City of Uhrichsville has achieved savings through OMAP, and we’re proud to continue partnering with the community,” said Treasurer Sprague. “With OMAP, local governments across Ohio can take advantage of the program’s enhanced credit rating and increased marketability to drive down the overall costs of borrowing.”

The OMAP credit enhancement will help the City of Uhrichsville to achieve significant savings on interest costs. The original note was issued to finance improvements to a city park and swimming pool. This issuance marks the ninth time that the city has utilized OMAP to achieve savings. The previous eight deals have saved the city an estimated $88,569.02 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 275 deals, ranging from $365,000 to over $100 million. There have been no defaults, and to date, OMAP has generated approximately $5 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