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    Alliance dedicates new Henderson County Mine

    Alliance dedicates new Henderson County Mine

    National retailer Five Below to locate in Henderson

    BRIEFS: Five Below opens Friday; Bickett HPD officer of the month; HPD investigates Alves Street shooting

    Henderson joins in nationwide ‘No Kings’ Rally Saturday

    Henderson joins in nationwide ‘No Kings’ Rally Saturday

    Rain ’R Shine Farm recovers from spring flood

    Rain ’R Shine Farm recovers from spring flood

    Of public record (from the June print edition)

    4th annual Henderson Juneteenth Celebration is Thursday

    4th annual Henderson Juneteenth Celebration is Thursday

    Trending Tags

  • Tech
    Blazing-fast broadband services now available to the majority of homes in the city and county

    Blazing-fast broadband services now available to the majority of homes in the city and county

    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

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    2025 Handy Fest photo gallery

    2025 Handy Fest photo gallery

    Gritty Lady Cols advance to Final 4

    Gritty Lady Cols advance to Final 4

    Summer blockbusters finally arrive in June

    Summer blockbusters finally arrive in June

    A former Japanese tennis star champions Henderson County athletes

    A former Japanese tennis star champions Henderson County athletes

    Stanley hopes his exhibition is a reminder ‘to be open to joyfulness…from whatever ridiculous source it may come’

    Stanley hopes his exhibition is a reminder ‘to be open to joyfulness…from whatever ridiculous source it may come’

    Henderson joins West Kentucky Film Commission with hopes of luring movie makers here

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    Regional collaborative assists those suffering from mental health challenges with online resources

    Regional collaborative assists those suffering from mental health challenges with online resources

    Plenty of baseball to watch without stepping into a big league stadium

    Plenty of baseball to watch without stepping into a big league stadium

    Matthew 25 cuts the ribbon on new mobile sexual health unit

    Matthew 25 cuts the ribbon on new mobile sexual health unit

    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

    No Kentucky Home, Part 4: A missing bench comes to symbolize missing solutions to homelessness

    No Kentucky Home, Part 3: A church called its vision for housing a ‘Beacon of Hope.’ The mayor had concerns.

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    Alliance dedicates new Henderson County Mine

    Alliance dedicates new Henderson County Mine

    National retailer Five Below to locate in Henderson

    BRIEFS: Five Below opens Friday; Bickett HPD officer of the month; HPD investigates Alves Street shooting

    Henderson joins in nationwide ‘No Kings’ Rally Saturday

    Henderson joins in nationwide ‘No Kings’ Rally Saturday

    Rain ’R Shine Farm recovers from spring flood

    Rain ’R Shine Farm recovers from spring flood

    Of public record (from the June print edition)

    4th annual Henderson Juneteenth Celebration is Thursday

    4th annual Henderson Juneteenth Celebration is Thursday

    Trending Tags

  • Tech
    Blazing-fast broadband services now available to the majority of homes in the city and county

    Blazing-fast broadband services now available to the majority of homes in the city and county

    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

    HMP&L signs initial agreement to build a battery energy storage system on South Green Street

    Trending Tags

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports
    2025 Handy Fest photo gallery

    2025 Handy Fest photo gallery

    Gritty Lady Cols advance to Final 4

    Gritty Lady Cols advance to Final 4

    Summer blockbusters finally arrive in June

    Summer blockbusters finally arrive in June

    A former Japanese tennis star champions Henderson County athletes

    A former Japanese tennis star champions Henderson County athletes

    Stanley hopes his exhibition is a reminder ‘to be open to joyfulness…from whatever ridiculous source it may come’

    Stanley hopes his exhibition is a reminder ‘to be open to joyfulness…from whatever ridiculous source it may come’

    Henderson joins West Kentucky Film Commission with hopes of luring movie makers here

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Regional collaborative assists those suffering from mental health challenges with online resources

    Regional collaborative assists those suffering from mental health challenges with online resources

    Plenty of baseball to watch without stepping into a big league stadium

    Plenty of baseball to watch without stepping into a big league stadium

    Matthew 25 cuts the ribbon on new mobile sexual health unit

    Matthew 25 cuts the ribbon on new mobile sexual health unit

    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

    The Gnomes of Audubon Forest, a Henderson Tourist Commission initiative, is a scavenger hunt for all ages

    No Kentucky Home, Part 4: A missing bench comes to symbolize missing solutions to homelessness

    No Kentucky Home, Part 3: A church called its vision for housing a ‘Beacon of Hope.’ The mayor had concerns.

    Trending Tags

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Home News Local

City is in ‘solid financial shape’

Vince Tweddell by Vince Tweddell
January 21, 2025
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The city of Henderson is in good financial shape, according to the firm that conducted its 2024 audit.

“The city is in very solid financial shape,” said Mac Neel, a local accountant whose firm, ATA, conducted the city of Henderson’s 2024 audit.

Neel also said the city’s Moody’s rating is Aa3, which is very “strong for a municipality our size.” An Aa3 rating shows a relatively high level of creditworthiness.

Additionally, Neel reported that the city has a $24.4 million fund balance—an increase of $4.2 million over 2023 when it was $20.2 million.

The $24.4 million ending balance represents 244.6 days of expenditures, well above the recommended minimum of 90 days expenditures, according to the audit report.

The report said the city’s strengths are its healthy reserves and liquidity, moderately sized tax base and located near Evansville and strong fund balance policy.

The city’s credit challenges include a moderate reliance on economically sensitive revenues and utility PILOT’s, above average total leverage and fixed costs and below average resident income and wealth, said the report.

The ATA report commends the city, saying its “financial position will remain healthy, supported by management’s history of conservative budgeting and strong fiscal policies.”

Neel did point out that the city has about $40 million capacity left in its legal bond limit. In a previous Hendersonian report, city staff said the commission may need to be choosy with which projects it funds in the future, possibly pushing some back.

Finance Director Chelsea Mills said in the October article that the city currently has about 25% of its legal debt limit of bonding remaining. According to a document supplied by Mills, the general bonded debt has increased from $44 million in 2020 to what will be about $110.8 million in 2025.

This increase has come from bonding the city has released to pay for several projects, such as the new athletic complex on Airline Road and Fire Station #1 on Second Street.

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Vince Tweddell

Vince Tweddell

Vince Tweddell is the founder, publisher and editor of the Hendersonian.

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Kentucky schools could face $40 million ‘shortfall,’ says state education commissioner

Recent News

Alliance dedicates new Henderson County Mine

Alliance dedicates new Henderson County Mine

June 17, 2025
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Regional collaborative assists those suffering from mental health challenges with online resources

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