Treasurer Sprague Announces 2025 OMAP Savings for the City of Blue Ash

COLUMBUS – The Ohio Market Access Program (OMAP) administered by Ohio Treasurer Robert Sprague has helped the City of Blue Ash (Hamilton County) enter the market and save an estimated $29,805 in interest costs.

“OMAP allows local governments to benefit from strengthened credit quality, lower costs of borrowing, and improved marketability,” said Treasurer Sprague. “We’re happy to welcome the City of Blue Ash back as a partner for the second time as the city achieves impactful savings with this most recent deal.”

The city’s notes were issued to finance a town square renovation project. This deal marks the second time the City of Blue Ash has leveraged OMAP, and the previous deal saved the city an estimated $20,230 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 345 deals, ranging from $365,000 to over $100 million. There have been no defaults, and to date, OMAP has generated more than $7.4 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 https://omap.ohio.gov/.

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