Trending:

Skip Navigation
City of Omaha - Nebraska

City of OmahaOmaha, Nebraska

Text Size   - | +

(October 29, 2018)

For the fifth year in a row,  Omaha’s bond rating will remain unchanged at one of the highest ratings possible from Moody's Investment Services and S&P Global.

S&P Global assigned a AA+ rating with a stable outlook. This is S&P's second highest rating described as "high grade".

Moody’s assigned a Aa2 rating with a stable outlook on the City's General Obligation Bonds. This is Moody's third highest rating described as "high quality and very low risk". 

 

HIGHLIGHTS OF THE S & P REPORT

Strong city economy, low unemployment

Strong management, good financial policies

Strong budgetary performance, conservative budgeting, historically accurate budget estimates

Revenue growth

Annual budget surpluses

 

HIGHLIGHTS OF THE MOODY’S REPORT

Healthy economy, sizable tax base, low unemployment

Strong city budget management


Both agencies again cite unfunded pension liability as the primary reason the city has not earned a AAA bond rating.

“The City of Omaha will not get a AAA bond rating until we negotiate a sustainable solution to reduce our pension liability,” said Mayor Jean Stothert. “The steps we have taken are not enough. We will continue to ask our employee unions to approve pension reform that is fair to our employees and the taxpayers.  We must reach agreement to protect the city’s financial future.”   

Both agencies also want to see an increase in the City’s two savings funds.  The Cash Reserve Fund is projected to end the year with a balance of $8.8 million.  The City Charter allows for up to $32 million in that fund. The Contingent Liability Fund is projected to have a $3.5 million balance at the end of 2018.

Each year, Mayor Stothert has budgeted an increase in both funds. 

Mayor Stothert met with representatives of both agencies earlier this month.

News and Information

  • South Omaha 2019-2020 Historical Grant Application

    2019-09-17 23:59:41

    The South Omaha Historical Grant Application is now available. The applications are due Wednesday, November 6, 2019, at 3:00 p.m. in the Omaha City Council Office, 1819 Farnam Street, Suite LC 1. Click here to access th ...

  • Vision Zero Task Force Recommends Safety Changes

    2019-09-16 23:22:43

    (September 16, 2019) A Vision Zero coordinator will be hired in 2020 to implement recommendations made by the Vision Zero Task Force. Mayor Jean Stothert created the task force to study Vision Zero strategies to reduce ...

  • New Fire Station Planned at 34th & Q

    2019-09-16 23:09:47

    (September 16, 2019) The City of Omaha plans to purchase land in South Omaha to build a new fire station to replace Station 31. The move will improve emergency response coverage in the south Omaha area.  The City e ...

  • Mayor Announces 2019 Town Hall Schedule

    2019-09-16 23:07:20

    (September 16, 2019) – Mayor Jean Stothert will hold her annual series of Town Hall meetings this fall beginning September 24th.  In the last six years, Mayor Stothert has hosted 46 Town Hall meetings.   ...

  • 10 Tastiest Days of the Year

    2019-09-12 20:16:33

    (September 12, 2019) For the next ten days, leave the kitchen cold and dine out for a good cause. Omaha Restaurant Week begins this Friday, September 13th and runs through the 22nd. Every time you have dinner at a part ...

  • Additional Scooter Safety to be Required

    2019-09-12 03:15:23

    (September 11, 2019) Following a crash that seriously injured a 9-year old riding a scooter, scooter companies Lime and Spin will be required to take additional safety precautions and improve public education. "The inj ...

  • OMAR Moves in Under "Bob the Bridge"

    2019-09-04 21:25:13

    (September 4, 2019) He’s new, he’s blue and he’s ready to meet you. Visit Omaha unveils a new attraction at the Bob Kerrey Pedestrian Bridge. You can now visit OMAR the Troll under the bridge, read about OMAR’s ...

  • FCC Environmental Selected for Trash Contract

    2019-08-28 01:23:27

    (August 27, 2019) The Omaha City Council has approved Mayor Jean Stothert’s recommendation to hire FCC Environmental to provide solid waste collection services for the City of Omaha beginning in 2021. The vote was&nb ...

  • World O! Water Coming in September

    2019-08-26 16:24:20

    (August 26, 2019) The City of Omaha invites the public to the annual World O! Water festival on Saturday, September 7th. World O! Water is a free, public event that takes at Wehrspann Lake in the Chalco Hills Recreatio ...

  • Tax Incentives Impact 2019 City Budget

    2019-08-14 17:52:32

    (August 14, 2019) A significant and unexpected increase in sales tax refunds accounts for a loss of projected revenue in the 2019 2nd Quarter Financial Report. Payment of sales tax refunds to qualifying businesses is r ...