School Finance

Ehlers leverages deep market knowledge, decades of direct school district experience, and industry best practices to help our clients achieve their visions and maintain fiscal sustainability.

Proud to Serve Minnesota Schools

For over 70 years, Ehlers has helped Minnesota public schools deliver generational benefits to learning communities through dynamic and collaborative financial advisory services. In fact, over the last five years alone, we’ve advised on approximately 70% of the state’s successful bond referendums, more than triple the number of our nearest competitors. Today, we are truly honored to serve approximately 75% of the state’s public school districts.

We are privileged to serve your district!

Our Fully Integrated Service Model

Ehlers strives to build strong, long-lasting relationships, working directly with your staff and administration, to drive projects forward in a way that provides maximum value to district students, families, and taxpayers. We assign multiple advisors, consultants and professional teams to each relationship so we can deliver exactly the right solution exactly when needed.


Debt Planning Issuance & Management

  • Voter-Approved School Building Bonds
  • LTFM & Other Board-Approved Bonds
  • Bond Proceeds Investment
  • Arbitrage Management
  • Consulting Disclosures
  • Paying Agent Administration
  • Refunding & Restructuring
  • Cash Flow Financing

Investments & Treasury Management

  • General Funds Investment Management
  • Banking RFP & Relationship Assessment
  • Investment Policy Creation & Amendment
  • Investment & Financial Statement Reporting
  • Cash Flow Analysis

Fiscal Sustainability Planning & Support

  • Operating & Capital Project Levy Referendums
  • Budget Projection Model
  • Enrollment Projection Model
  • Benchmarking Comparisons
  • Consolidation Studies
  • Revenue Budget Development
  • Levy Support
  • Truth-in-Taxation Presentations

Fully Integrated & Fiercely Independent

Our clients and their communities are at the heart of everything we do.  We deliver independent municipal advisory services to fulfill all your public finance needs.  Not all firms in our industry can say that.

Learn Why

Meet Our School Finance Team

Our team boasts decades of public finance and direct school finance experience to help districts achieve their goals and realize their visions for the future.  Meet them!

Shelby McQuay

Senior Municipal Advisor | Managing Director

Jodie Zesbaugh

Senior Municipal Advisor

Jeff Seeley

Senior Municipal Advisor

Matthew Hammer

Senior Municipal Advisor

Aaron Bushberger

Senior Municipal Advisor

Beth Downes

Municipal Advisor

Jen Chapman

Associate Municipal Advisor

Roxann Staricha

Financial Specialist

Jack Elkin

Financial Specialist

Donna Wilson

Senior Fiscal Consultant

Stephen Broden

Senior Arbitrage Consultant | Director of Arbitrage Consulting

Brian Johnson

Director of Investment Services