Building Communities.

It's what we do!

  • Building Communities.

    It's what we do!

Who We Are

Ehlers is an industry-leading financial advisory firm serving Minnesota, Wisconsin, Colorado, Illinois and Kansas. We leverage centuries of combined experience and specialized expertise to deliver innovative, fully integrated public finance solutions that help our public sector clients build strong, vibrant and sustainable communities.  We serve local governments, school districts, public agencies, special districts, community development authorities, joint powers boards and select non-profit organizations.

Post Issuance Services

Ehlers' disclosure coordinators have your back when it comes to continuing disclosure and payment requirements associated with a debt issuance. Trust our professionals to file the needed paperwork and payments promptly and accurately.

School Finance Services

Building outstanding learning communities takes thoughtful analyses, planning and budgeting along with the right financial tools expertly deployed at the right time. Ehlers' School Finance professionals can help strengthen your district's foundation as you pursue your vision of success.

Debt Issuance & Management

We've helped public sector clients realize their vision through creative debt solutions for more than six decades. It's why we consistently rank in the top three nationally for the number of competitive bond sales advised.

Economic Development & Redevelopment

Creating new jobs and revitalizing communities is what it's all about.  Our advisors leverage first-hand experience in local government to design financial solutions that bring your development visions to life.

Financial Management Planning

From annual budgets to capital improvement plans – and everything in between – Ehlers provides strategic, yet practical fiscal guidance to help clients fulfill immediate financial needs and achieve long-term community goals.

Investments & Treasury Management

Ehlers delivers comprehensive cash management and investment strategies for our public sector clients' cash-based assets. We also help clients create smart, safe investment policies that strive to support liquidity and return, while adhering to IRS regulations.

Fiercely Independent
Fully- Integrated

With client communities at the heart of everything we do, Ehlers' integrated advisory teams are highly qualified to deliver independent guidance across all areas of public finance. Not all financial advisory firms can say that.

Learn Why

Bond Sales

Ehlers helps clients market and issue bonds through both competitive and negotiated processes. The occurrence and details of our clients' competitive bond sales are subject to change. Final details for each sale listed will be found in the official statement produced by Ehlers.

3 Upcoming Bond Sales

View All Bond Sales

City of Northfield, Minnesota

$7,880,000.00 General Obligation Street Reconstruction, Abatement and Equipment Bonds, Series 2023B

2025 - 2039

Sale Date & Time
October 3 2023, 10:00 AM CT

Village of Sturtevant, Wisconsin

$3,500,000.00 General Obligation Promissory Notes, Series 2023A

2024 - 2033

Sale Date & Time
October 3 2023, 10:00 AM CT

Independent School District No. 545 (Henning), Minnesota

$6,885,000.00 General Obligation Facilities Maintenance and Tax Abatement Bonds, Series 2023A

2025 - 2035

Sale Date & Time
October 11 2023, 10:00 AM CT

Stay Updated with Ehlers

Interest Rate Indices

Municipal Debt Rates

As of September 21, 2023

Bond Buyer Index
Revenue Bond Index
10-Year Treasury Note

Fixed Income Investment Rates

As of September 22, 2023

3-Month Commercial Paper
1-Year U.S. Treasury Bill
3-Year GO AA Muni


Issuer & Investor Updates

The Next FOMC Meeting is September 20, 2023 with an 97.0% probability of no rate hike and 3.0% chance of a 25 basis point rate change according to CME Group's FedWatch Tool. Although the Fed is likely to leave the fund rate unchanged next week, many economists anticipate a continued hawkish Fed stance with the possibility of another hike before year-end. In a research note, asset manager BlackRock sees opportunities for investors to buy state and local debt at attractive prices over the next few months with yields climbing higher this year and seasonally-driven unfavorable supply and demand factors ahead.

Market Commentary

Issuer & Investor Updates

The Next FOMC Meeting is July 26, 2023 with a 92.4% probability of a 25 basis point hike and 7.6% chance of no rate change according to CME Group's FedWatch Tool. Treasury yields rose across the curve after the ADP jobs report and extended their climb after data showing the service sector expanded in June at the fastest pace in four months. Municipal-bond issuance nationally started to recover in June, marking the first month in 2023 where new issue sales rose year-over-year. Municipalities were likely waiting to see if rates would come down but eventually needed to tap the market for impending project needs.

Market Commentary

2023 Wisconsin Act 12: Levy Limit & Tax Incremental District Impacts

The recently enacted local government funding legislation (2023 Wisconsin Act 12) imposes significant changes to the shared revenue program, eliminates the personal property tax, and creates an innovation fund to encourage consolidation and transfer of services to promote cost savings. However, as a late-session compromise to gain the support needed to pass this legislation, Act 12 was amended to include provisions for how construction in tax incremental districts (TIDs) will be treated under levy limits that will impact newly created TIDs beginning next year.

Client Alerts