Public Finance

Milwaukee, Wisconsin

The Wisconsin Public Finance office provides financial services to cities, villages, towns, counties, sanitary districts and school districts throughout the State of Wisconsin. Since 1998 when the Wisconsin office of HSE opened, we have provided over $5.4 billion in financings, which represents nearly 1,000 debt issuances. The average tenure of the Public Finance professional in our Wisconsin office is over 30 years in the industry.

A solid, comprehensive plan of finance, incorporating the client’s goals, capital plan, outstanding debt and future needs is a required first step. The issuance of debt is the result of the consideration of financing alternatives, accurate projections and consensus among staff and elected officials as to the best way to proceed. Our reputation and success is built on client relationships. In many cases, we have worked with the same municipal governments for over 30 years.


Our Services

  • Cities, Villages and Towns
  • Counties
  • School Districts
  • Credit Enhancement

Cities, Villages and Towns

  • Revenue Bonds
  • Community Development and Redevelopment Authority
  • Lease Revenue Bonds
  • Tax Increment Planning and Implementation
  • Capital Appreciation Bonds
  • Assisting with Private/Public Development Agreements and Developer Negotiations
  • Taxable Bonds
  • Development of Capital Improvement Plans
  • Advance Refundings
  • Debt Defeasance


  • General Obligation Bonds and Notes
  • Airport Bonds
  • Nursing Home and Health Care
  • Courthouse and Jail Projects
  • Highways, Landfills and Equipment
  • Advance Refundings

School Districts

  • Referendum Assistance
  • Tax Impact Studies
  • State Aid Impacts
  • Cash Flow Borrowing
  • Equipment Lease Revenue Bonds
  • Advance Refundings
  • Qualified Zone Academy Bonds (QZABs)
  • Energy Efficiency Financing

Credit Enhancement

  • Assist with Moody and Standard & Poor’s Ratings
  • Help Secure Bond Insurance
  • Letters of Credit for Development Bonds
  • Proper Legal Structure and Coordination with Bond Counsel

For more information about any of our services please contact one of our Wisconsin Public Finance Representatives.

Staff Biographies

Staff Biographies

  • Jeffery G. Belongia
  • James J. Miller
  • Debbi Opgenorth
  • Gail Theissen

Jeffery G. Belongia

Jeff has had experience in banking and the finance industry, having spent several years with small, medium and large financial institutions. Jeff began his public finance work in 1980 as assistant Vice President with one of the largest banks in the Midwest. He also spent three years as a Vice President with a regional investment banking firm. Jeff has a broad knowledge of utility operations and the prerequisites needed to successfully finance enterprise operations. He has been an advisor to numerous sanitary districts throughout the State. Jeff has helped create Tax Incremental Financing project plans and advised on the open market defeasance of existing TID debt. Jeff has financed industrial park developments and worked closely with municipalities in the area of economic development. He has been involved in two Village Incorporation Petitions and a successful petition to change from Village to City status. He has been called upon to speak on technical subjects to various municipal finance associations. He has been a lecturer on municipal finance at universities and conferences.

James J. Miller

Jim Miller has been working in the municipal bond industry since 1981. Prior to joining HSE in 2009, Jim was a member of a regional municipal investment banking firm and a major Midwestern bank. He has served as financial advisor to Wisconsin municipalities since 1985. Jim has structured issues for all forms of municipal governments including counties, cities, villages, towns, school districts, redevelopment authorities and states. Jim is a graduate of the University of Wisconsin-Madison with a B.S. degree in finance and a Masters of Business Administration, and is a registered municipal representative and a registered municipal principal with the Municipal Securities Rulemaking Board.

Debbi Opgenorth

Debbi has been an Assistant Vice President of Public Finance in the Wisconsin office since 1996. Debbi started in the municipal bond business at Firstar Bank (now US Bank) in 1983, where she began as a municipal bond analyst. Debbi is responsible for research and preparation of disclosure documents, as well as working with numerous local government and school districts in all phases of a financing, from beginning to closing. Debbie earned a B.A. degree in Finance (cum laude) from the University of Wisconsin-Milwaukee. Ms. Opgenorth is a registered municipal representative with the Municipal Securities Rulemaking Board.

Gail Theissen

Gail Theissen is an Administrative Assistant in our Wisconsin Public Finance office. Ms. Theissen has worked for HSE since 2012. Prior to joining the firm, she was a member of a regional municipal investment banking firm for 12 years. Ms. Theissen is responsible for administrative office support including gathering, analyzing and organizing data necessary to produce official statements as well as the preparation and submission of annual continuing disclosure information.

Public Finance | Wisconsin

Recent Deals / Wisconsin

$38,500,000 — Fond du Lac School District, Fond du Lac County, Wisconsin

$1,500,000 — Milwaukee Area Technical College District, Wisconsin

$5,830,000 — Village of Mukwonago, Waukesha and Walworth Counties, Wisconsin

$8,000,000 — School District of New Holstein, Calumet, Fond du Lac, and Sheyboygan Counties, Wisconsin

$1,500,000 — Milwaukee Area Technical College District, Wisconsin

View all

Case Studies

Contact Us

  • 1110 N Old World 3rd St, Suite 630
    Milwaukee, WI 53203
    T 414.298.9898 / F 414.298.9893

    Public Finance Milwaukee
    Jeffery Belongia | 414.290.5802
    James Miller | 414.290.5801
    Kevin Mullen | 414.290.5806

    Public Finance Support Milwaukee
    Debra Opgenorth | 414.290.5809
    Gail Theissen | 414.290.5808