Elizabeth serves as principal with Baker Tilly’s Municipal Advisory (BTMA) practice, providing strategic guidance to local governments, utilities, and colleges and universities across the Midwest. In her role, she provides independent, fiduciary guidance on the planning, structuring and executing public finance transactions to help clients achieve their infrastructure and economic development goals.
Elizabeth supports clients through every stage of the financing process — from evaluating funding to developing investor outreach strategies and overseeing debt issuance.
Highlights from her municipal advising career include leading debt financing efforts of more than $400 million for transit expansion in the Twin Cities metropolitan area; advising on series of economic development projects financed through unrated sales tax and revenue (STAR) bonds; and serving as lead municipal advisor on more than $1 billion of higher education transactions.
With more than two decades of experience in public finance, Elizabeth spent the first half of her career as a rating analyst at a leading global credit rating agency in New York and London. During her tenure, she chaired credit committees and authored several methodologies. Today, she leverages that experience advising many of BTMA’s high-profile clients on rating strategies. Her work includes developing internal rating models, crafting high impact rating presentations and delivering internal credit training. She has successfully guided numerous clients through the initial rating process and supported many in achieving credit upgrades.
Elizabeth’s public finance expertise spans a wide range of sectors, including utilities, economic development, higher education, student loans, transit, healthcare, housing, structured products and European municipal bonds.
Registered municipal advisor representative
- Deep knowledge of Minnesota financing tools, including less frequently used such as grant anticipation notes and sales tax revenue bonds
- Well versed in higher education finance with experience in private placements and public sales with more than $1 billion financed
- Experienced in economic development financing, including serving as lead municipal advisor on unrated development financing
- Credit rating expert advising high profile clients on rating strategies and leads development of internal credit model, presentations and training
- Published numerous in-depth analytical reports and developed several credit methodologies
- Analyst for the New York City Office of Management and Budget
- Admission counselor at the University of Minnesota
- Minnesota Government Finance Officers Association
- Minnesota Institute of Public Finance, board member
- Government Finance Officers Association (GFOA)
- Women in Public Finance (WPF)
- National Federation of Municipal Analysts (NMFA)
Disclosure
Baker Tilly Municipal Advisors, LLC is a registered municipal advisor and controlled subsidiary of Baker Tilly Advisory Group, LP. Reference to registration does not imply any particular level of skill. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, operate under an alternative practice structure and are members of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Baker Tilly US, LLP is a licensed CPA firm and provides assurance services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services to their clients and are not licensed CPA firms. ©2025 Baker Tilly Municipal Advisors, LLC