Illinois Education Finance

Supporting the bright future of Illinois students and school districts.

Raymond James is dedicated to providing innovative solutions, low borrowing costs and outstanding service to school districts from our fixed income and public finance office in Chicago. Our team has more than 30 years of experience facilitating strategic financing programs with Illinois municipal bond issuers, with a special focus on K-12 school district project financing, referendum and debt restructuring. Well-versed in the nuances of the Illinois school district, we provide issuers with the resources, expertise and capabilities needed to execute successful financings. We are backed by the corporate strength of Raymond James, which has provided 39 years of services to K-12 school districts since the inception of its Public Finance division in 1979.


underwriter of K-12 bonds in Illinois*


public finance professionals


municipal bond underwriters (including National Head of Underwriting)


institutional fixed income sales professionals


financial advisors nationwide


under management in 131,293 retail accounts serviced by 413 retail employees in the state

Data as of December 31, 2018 unless otherwise noted
*Source: Bloomberg, based on total par amount, as of March 31, 2019
Past performance may not be indicative of future results.

Full-service Capabilities

  • Underwriting
    • General Obligation Bonds (Limited Tax and Unlimited/Referendum Bonds)
    • Debt Certificates
    • Funding Bonds
    • Alternate Revenue Source Bonds
    • Tax Anticipation Warrants/Notes
  • Private Placements
  • Financial Advisory
  • Debt Structuring
  • County School Facility Sales Tax
  • Tax Increment Financing (TIF)
  • Tax-Credit Financings
  • Referenda Strategy
  • Rating Agency Strategy
  • Debt Portfolio Analysis
  • Financial Projections
  • Continuing Disclosure Dissemination Agent Services


Elizabeth Hennessy
Managing Director
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Kevin O’Kelly
Vice President
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Linda Byron
Linda Byron
Vice President
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Paula Arnedo
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Karen Barron
Administrative Assistant
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Casy O’Brien
Managing Director
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Parker Colvin
Managing Director, Municipal Underwriter
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Headshot for Steven Julian
Steven Julian
Senior VP in Fixed Income Trading
Chicago, IL
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