Treasurer Sprague Announces 2025 OMAP Savings for the Village of Holiday City

Treasurer Sprague Announces 2025 OMAP Savings for the Village of Holiday City

COLUMBUS - The Ohio Market Access Program (OMAP) administered by Ohio Treasurer Robert Sprague has helped the Village of Holiday City (Williams County) enter the market and save an estimated $8,451 in interest costs.

"We're always pleased to see local governments returning to OMAP as they invest in their communities and enhance critical infrastructure," said Treasurer Sprague. "Since becoming a program partner in 2016, the Village of Holiday City has used OMAP to save more than $164,000 in interest expenses."

The village's notes were issued to finance the construction of the Selwyn Drive Substation. This deal marks the tenth time the Village of Holiday City has leveraged OMAP, and the previous nine deals saved the village an estimated $155,569 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 350 deals, ranging from $365,000 to over $100 million. There have been no defaults, and to date, OMAP has generated more than $7.5 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 https://omap.ohio.gov/.

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