Todd Hagen
I love to build relationships among residents, businesses, and intergovernmental organizations to help my clients reach their goals.

Todd Hagen

Senior Municipal Advisor
Todd Hagen

Todd has been with Ehlers since 2001, working with our Minnesota City Team. He has 30+ years of experience¬† financing local government infrastructure and facilities, including municipal buildings, public works and public safety facilities, public utilities, equipment and roads. Todd’s expertise goes far beyond debt issuance – extending to a wide range of finance needs such as: measuring the tax impact of projects, completing utility rate studies, financial management plans, capital improvement plans and analyzing the feasibility of projects.

Todd lives in North Oaks with his wife Gail, sons Sam and Joe and daughter Sally. In his free time, he cherishes time with family and friends golfing, playing tennis, hunting, fishing, water and snow skiing, and spending time on Balsam Lake, Wisconsin at the family cabin. He considers himself incredibly fortunate to still have many close friends from high school and college.

Areas of Expertise

Debt Issuance & Management

  • Alternative Financing Options
  • TIF Revenue Bonds
  • Housing Revenue Bonds
  • Lease Revenue Financing
  • Non-profit & Industrial Revenue Bonds
  • Refundings / Cash Defeasances
  • Debt Service Fund / Cash Flow Analysis
  • Representation to Bond Market & Credit Rating Agencies
  • Referendum Strategies

Economic Development & Redevelopment

  • Tax Increment District Creation & Amendment
  • Tax Abatement Options, Financing & Policies
  • TIF & Abatement Analysis
  • Downtown Redevelopment and Revitalization
  • Developer Pro Forma Analysis / But-For-Test
  • Developer Attraction & Selection
  • Developer Negotiations
  • Project Management Services
  • Land Acquisition & Relocation
  • Grant Writing
  • Public Participation Process

Financial Management Planning

  • Debt Management
  • Financial Management Planning
  • Capital Improvements Planning
  • Strategic Planning

Special Financing Studies

  • Fiscal Impact Study/Analysis


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

Professional Affiliations & Memberships

National Association of Independent Public Finance Advisors
Economic Development Association of Minnesota
Minnesota Government Finance Officers Association
Minnesota Municipal Clerks and Finance Officers Association
Minnesota Institute of Public Finance


Bachelor’s Degree in Public Sector Economics/Law, Bemidji State University
Bachelor’s Degree in Quantitative Economics, Bemidji State University
Graduate Certificate in Corporate/Securities Law, Roosevelt University

Community Involvement

Masonic Lodge, Tusler-Summit Lodge No. 263 РThird Degree Master Mason & Member
Centennial United Methodist Church – Member
Balsam Lake Protection & Rehabilitation District – Member