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City of Omaha - Nebraska

City of OmahaOmaha, Nebraska

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(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

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    2019-07-10 01:32:40

    (July 9, 2019) Mayor Jean Stothert will hold a series of Town Hall meetings this month to gather input to develop the city’s first long-term road maintenance and rehabilitation plan. ”These public meetings will giv ...

  • Pedestrian Bridge Lights Up Omaha Skyline

    2019-07-02 11:08:47

    (July 2, 2019) New lights on the Bob Kerrey Pedestrian Bridge will be red, white and blue for the Fourth of July weekend. The City of Omaha Parks Department has completed installation of more than 100 LED lights, repla ...

  • Celebrate America Concert Raises Money for Flood Aid

    2019-07-01 21:22:52

    (July 1, 2019) The City of Omaha Celebrates America concert and fireworks spectacular drew more than 60,000 to Memorial Park on Friday evening, June 28. The popular summer event, produced by the City of Omaha and sponso ...

  • OPD to Enforce Fireworks Regulations

    2019-06-27 17:23:02

    (June 27, 2019) With the Independence Day holiday approaching, the Omaha Police Department reminds citizens of changes in the fireworks ordinance (City Ordinance 20-320) passed by the Omaha City Council in 2018. Firewor ...

  • Glass Recycling Expands in Omaha

    2019-06-14 17:28:25

    (June 14, 2019) A tenth glass recycling collection center is now located in southwest Omaha, it is the tenth glass recycling drop-off location in Omaha. The bright purple container is located in the parking lot of ...

  • City Takes Steps to Protect Omaha from Flooding

    2019-06-06 22:01:56

    (June 6, 2019) On June 5, 2019, the Missouri River in Omaha reached an elevation of 31.97, just below moderate flood stage.  This is the third highest flood on the river since the construction of the flood control ...

  • Omaha and Omaha Beach Region to Sign Sister City Agreem ...

    2019-06-06 21:16:51

    (June 6, 2019) On the 75th anniversary of D-Day, Mayor Jean Stothert and the Omaha Sister Cities Association announced the development of a Sister City relationship with the region along the Normandy Coast of France, in ...

  • Mayor Requires Action Plan to Correct Trash Delays

    2019-06-04 03:05:20

    (June 3, 2019) Continuing delays with trash and yard waste collection prompted Mayor Jean Stothert to require an immediate plan of action from Waste Management to get trash picked up.  "Two, three, and four day del ...

  • Temporary Claim Payment Policy Nearing Deadline

    2019-06-01 03:17:42

    (May 30, 2019) Beginning June 1, the City of Omaha will return to its long-standing damage claims policy, after the temporary exception announced by Mayor Jean Stothert earlier this year. In mid-March, Mayor Stothert a ...

  • New Campgrounds and Recreation at Lake Cunningham

    2019-05-31 01:12:27

    (May 30, 2019) Mayor Jean Stothert and the U.S. Army Corps of Engineers announced plans today for a series of major recreation improvements at Cunningham Lake.  “We are thrilled that the City of Omaha can provid ...