Elizabeth Diaz

Elizabeth Diaz

Senior Fiscal Consultant
Elizabeth Diaz

Elizabeth brings over 25 years of experience in financial planning and management for local governments. She fulfills an integral role helping Minnesota governments and public agencies design and implement financial solutions that advance community priorities. Before joining Ehlers, Elizabeth had nine years of local government experience, including working for the Minnesota State Auditor’s office and serving as the accountant and finance director for a Twin Cities suburb.

Areas of Expertise

Economic Development & Redevelopment

  • Tax Increment Financing (TIF)
  • TIF District Creation & Amendment
  • TIF Analysis
  • TIF Reports & Compliance
  • TIF Revenue Projection
  • TIF & Tax Abatement Management
  • Developer “Pay As You Go” Note Administration

Financial Management Planning

  • Strategic Long-Term Financial Planning
  • Debt Fund Cash Flow Analysis
  • Utility Rate Studies
  • Budget Preparation Analysis
  • Capital Improvement Planning
  • Fiscal Impact Analysis

Special Financial Studies

  • Merger / Consolidation / Annexation Impact Analysis
  • Property Taxes
  • Special Taxing District Calculations
  • Assistance with Legislative Initiatives

Professional Affiliations & Memberships

MN Government Finance Officers Association
National Government Finance Officers Association


Bachelor’s Degree in Accounting, University of St. Thomas

Notable Projects

City of St Louis Park – completed a utility rate study accomplishing the community’s goal of water conservation rates while funding utility infrastructure

City of Brooklyn Park – created a long-term tax increment financial plan maximizing resources to fund the community’s affordable housing goals

TIF Reports – Annually complete more than 85 tax increment financing reports in compliance with State law