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    ‘Commit to living a life worthy of their sacrifice’

    ‘Commit to living a life worthy of their sacrifice’

    Henderson native and Air Force vet Jordan says the best way to honor those who fought and died is ‘to live our very best life’

    Henderson native and Air Force vet Jordan says the best way to honor those who fought and died is ‘to live our very best life’

    Disaster Recovery Center has opened at the Salvation Army

    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.

    No Kentucky Home, Part 2: After living outdoors for weeks, she got a place to sleep, a shower — and a job

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    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

    In some parts of the U.S., the grid of the future might be closer than you think

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    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

    Executive director says this year’s arts alliance lineup gives people what they want

    Executive director says this year’s arts alliance lineup gives people what they want

    2000 baseball Cols remember fondly state championship season a quarter century later

    2000 baseball Cols remember fondly state championship season a quarter century later

    Summer Sunset Series, SummerFest ratchet up Henderson festival season this week

    Summer Sunset Series, SummerFest ratchet up Henderson festival season this week

    May the summer blockbuster season begin!

    May the summer blockbuster season begin!

    Study in contrasts: Racing, breeding shine in Kentucky as sport dims across America

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    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.

    No Kentucky Home, Part 2: After living outdoors for weeks, she got a place to sleep, a shower — and a job

    HCHS grad Tyler Brocato currently competing in a national chef competition

    HCHS grad Tyler Brocato currently competing in a national chef competition

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    Flying through ATL this travel season? Lucky you

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    ‘Commit to living a life worthy of their sacrifice’

    ‘Commit to living a life worthy of their sacrifice’

    Henderson native and Air Force vet Jordan says the best way to honor those who fought and died is ‘to live our very best life’

    Henderson native and Air Force vet Jordan says the best way to honor those who fought and died is ‘to live our very best life’

    Disaster Recovery Center has opened at the Salvation Army

    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.

    No Kentucky Home, Part 2: After living outdoors for weeks, she got a place to sleep, a shower — and a job

    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

    In some parts of the U.S., the grid of the future might be closer than you think

    Trending Tags

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    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

    Executive director says this year’s arts alliance lineup gives people what they want

    Executive director says this year’s arts alliance lineup gives people what they want

    2000 baseball Cols remember fondly state championship season a quarter century later

    2000 baseball Cols remember fondly state championship season a quarter century later

    Summer Sunset Series, SummerFest ratchet up Henderson festival season this week

    Summer Sunset Series, SummerFest ratchet up Henderson festival season this week

    May the summer blockbuster season begin!

    May the summer blockbuster season begin!

    Study in contrasts: Racing, breeding shine in Kentucky as sport dims across America

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    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.

    No Kentucky Home, Part 2: After living outdoors for weeks, she got a place to sleep, a shower — and a job

    HCHS grad Tyler Brocato currently competing in a national chef competition

    HCHS grad Tyler Brocato currently competing in a national chef competition

    Flying through ATL this travel season? Lucky you

    Flying through ATL this travel season? Lucky you

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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

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