TRUMBULL COUNTY, OH - The Ohio Market Access Program (OMAP) administered by Ohio Treasurer Robert Sprague has helped Trumbull County enter the market to refinance outstanding debt and save an estimated $54,355.12 in interest costs.

"With OMAP, we're putting the power of the treasury to work so our communities can stretch their budgets to make important infrastructure updates and community improvements," said Treasurer Sprague. "We're proud to welcome Trumbull County as one of our newest OMAP partners, and we're pleased to help them achieve more than $50,000 in savings over this first deal." 

The original note was issued to fund water system improvements related to the Prosperity Water Line Project and the Elm Road Water Project, as well as replacing existing elevators in the county's administration building. Proceeds from the new notes are planned on being used to help fund the State Road Water Regionalization Project, the Meadowbrook Sanitary Sewer Project,  and various county building improvements. This issuance marks the first time that the county has utilized OMAP.