Shelly Eldridge

Shelly Eldridge

Senior Municipal Advisor
Shelly Eldridge

Shelly is a Senior Municipal Advisor helping Minnesota communities finance the building blocks of local government. She has over 20 years’ experience in bond financing, financial planning and financial tools for development and redevelopment. Shelly has special expertise in the areas of property taxes, tax increment financing and the issues facing Greater Minnesota cities and counties. One of Shelly’s greatest strengths is her ability to unite residents, businesses and intergovernmental organizations.

Areas of Expertise

Debt Issuance & Management

  • Analysis & Presentation of Alternative Financing Options, Plans And Tools
  • Representation to Bond Market & Credit Rating Agencies
  • Refundings / Cash Defeasances
  • Debt Service Fund / Cash Flow Analysis
  • Lease Revenue Financing
  • USDA Rural Development Loans
  • MN Public Facilities (PFA) Loans
  • Electric Revenue Bonds
  • Arbitrage Rebate Services

Economic Development & Redevelopment

  • Tax Increment District Creation & Amendment
  • Tax Abatement Options, Financing, & Policies
  • TIF and Abatement Analysis
  • Downtown Redevelopment and Revitalization
  • TIF Revenue Bonds/Calculation of Developer Payments
  • Preparation of OSA Reports
  • Research & respond to OSA TIF Letters
  • Support and research assistance for OSA audits
  • TIF Revenue Projection Update

Financial Management Planning

  • Debt Management
  • Financial Management Planning
  • Capital Improvements Planning

Special Financial Studies

  • Fiscal Impact Study /Analysis
  • Budget Preparation Assistance
  • Merger / Consolidation / Annexation Impact Analysis

Licenses & Certifications

Certified Independent Professional Municipal Advisor
Series 50 License: Municipal Advisor Representative
Registered Municipal Advisor

Professional Affiliations & Memberships

National Association of Independent Public Finance Advisors
Minnesota Government Finance Officers Association
Minnesota Municipal Clerks and Finance Officers Association
Minnesota League of Cities and Government Finance Officers Association
Minnesota City/County Management Association
National Government Finance Officers Association
Economic Development Association of Minnesota
National Association of Housing & Redevelopment Officials


Bachelor’s Degree in Business Administration, University of St. Thomas
Master’s Degree in Public Administration, Hamline University