Ehlers, Inc.

Shelby McQuay

Shelby McQuay

Municipal Advisor

(651) 697-8548
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Shelby joined Ehlers’ Education Team in 2016 as an Municipal Advisor in the MN office. For the last 12 years, Shelby has been employed at the Minnesota Senate as a non-partisan research analyst and a fiscal analyst, working on education finance and tax policy. Most recently, she helped craft language and review the financial implications of the School Building Agricultural Credit, and the tax credit for Maximum Effort Capital Loan districts.

Areas of Expertise

Debt Planning and Issuance

  • Analysis & Presentation of Alternative Financing Options, Plans and Tools
  • Property Tax Impact Analysis
  • Preparation of Information for Publication and Presentation
  • Voter-Approved Building Bonds
  • Maximum Effort Capital Loans
  • Capital Facilities Bonds
  • Cash Flow Borrowing
  • Refundings
  • Lease Purchases

Operating Referendum Planning and Assistance

Capital Projects Levy Assistance

Truth in Taxation Hearing Presentations

Assistance with Legislative Initiatives

Lease Levy Approval

Long-Term Financial Planning and Capital Improvement Planning

Licenses and Certifications

  • Series 50 License
  • Minnesota Association of School Business Officials
  • Minnesota School Boards Association


  • Bachelor of Science (Mathematics), Marquette University
  • Masters of Arts (Public Policy), University of Chicago – Harris School of Public Policy
  • Doctorate (Geophysical Sciences), University of Chicago

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