Kristina Norquist
I like the challenge of taking complex situations with multiple layers of financial data and other components, and bringing it all together in a way that clients easily understand. This work unites leaders and residents to advance the well-being of our communities.

Kristina Norquist

Senior Financial Specialist
Kristina Norquist

Kristina guides Minnesota and Wisconsin municipalities through long-term financial planning to meet their policy objectives. She brings special expertise in setting utility rates, capital planning and managing tax increment districts. Kristina’s career at Ehlers began as an Arbitrage Consultant, preparing arbitrage reports and advising clients on post-issuance compliance. Prior to joining Ehlers in 2008, she was a senior accountant with a nationally recognized insurance company. Kristina’s extensive understanding of financial management, utilities and property tax systems are invaluable to her clients.

Kristina lives in Andover, Minnesota with her husband, two daughters and their dog. When she’s not working, she spends time with family and friends attending sports activities and events, hiking, camping and traveling.

Areas of Expertise

Financial Management Planning

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

Economic Development & Redevelopment

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

Arbitrage Consulting

  • Expenditure & Investment Analysis
  • Arbitrage Reporting
  • Internal Revenue Service Compliance

Licenses & Certifications

Series 50 License: Municipal Advisor Representative

Professional Affiliations & Memberships

Minnesota Government Finance Officers Association


Bachelor of Science – Accounting, St. Cloud State University

Community Involvement

Girl Scouts – Troop Leader/Volunteer

Notable Projects

Forest Lake, MN – Prepared a TIF Management Plan demonstrating how the City could fully recover its land costs with tax increment proceeds

Robbinsdale, MN – Completed a utility rate study and financing plan providing a holistic approach to funding street reconstruction and utility projects

Clayton, WI – Worked with the Village and Municipal Advisor to solve several financial challenges including: stabilizing the sewer fund and achieving the necessary debt coverage, completing a water rate application to the Public Services Commission and reallocating utility costs from the general fund to build financial capacity within levy limits

Pipestone, MN – Provide annual financial plan for tax supported funds helping the City prioritize projects and strategically time capital improvements to stabilize its property taxes