117 Gayley Street
Media, PA 19063
Telephone: (610) 565-5990
Fax: (610) 565-4188
Thomas F. Huestis, Senior Managing Director Certifications/Licenses: Series 50, Municipal Advisor Representative
and Series 65, Investment Advisor Representative
Mr. Huestis joined PRAG in 2002 bringing a unique understanding of municipal investment, debt management and financial management, based on over 25 years of experience as an independent financial advisor and municipal finance executive.
Mr. Huestis has extensive experience providing financial advice to states and state agencies. He serves as PRAG’s lead advisor for the states of Illinois, Minnesota, Vermont and West Virginia, and also works with the states of Rhode Island and Maryland. Mr. Huestis specializes in high-profile projects including transportation, economic development and large public facility projects, and has assisted cities, counties and authorities on a wide variety of project and security types.
Prior to joining PRAG, Mr. Huestis was the Treasurer of the District of Columbia. Under his leadership, the District’s S&P rating improved from “B” to “BBB.” Prior to joining the DC government, Mr. Huestis managed and co-wrote the District of Columbia’s Budget & Fiscal Year 1997-2000 Financial Plan that was instrumental in enabling the District to overcome a $500 million accumulated deficit and set the stage for the District’s current double-A category GO ratings from each of the three rating agencies.
Mr. Huestis received a MBA from Carnegie Mellon University and a B.A. in Government from Franklin & Marshall College, and is a Registered Investment Adviser Representative.
Christine Fay, Senior Managing Director Certifications/Licenses: Series 50, Municipal Advisor Representative
Ms. Fay currently provides project support for PRAG clients including the State of Minnesota, State of Illinois, State of Vermont, State of West Virginia, New Castle County, Delaware, Main & Clinton Local Development Authority (NY) and the Bethlehem Authority.
Prior to joining PRAG, Ms. Fay worked as the Debt Finance Manager for the County of San Diego were she managed a $2.4 billion debt portfolio which consisted of Pension Obligation Bonds, Certificates of Participation, Lease Revenue Bonds, Tobacco Bonds, Redevelopment Bonds, Multifamily Housing Bonds, and Reassessment Bonds. While serving in this position, Ms. Fay managed the execution of multiple financings including restructuring the County’s ARS POBs. Ms. Fay worked with all members of the financing team and under her direction the team was able to develop a financing plan that achieved all of the County’s objectives.
Ms. Fay received her MBA from the UCLA Anderson School of Business and graduated Cum Laude from the University of Pennsylvania with a Bachelor of Arts degree in Economics.
Jessica Donnelly, Senior Managing Director Certifications/Licenses: Series 50, Municipal Advisor Representative
Ms. Donnelly joined PRAG in 2015 as a Managing Director with fourteen years of municipal finance experience. In this capacity Ms. Donnelly provides credit, market and deal structuring advice and overall project management for various PRAG clients.
Prior to joining PRAG, Ms. Donnelly was a Director at Citigroup Global Markets Inc. in its Public Finance Department and worked on the structuring, negotiating and development of over $20 billion in financings for state and local issuers. Her experience includes financings for a variety of different bond types and issuance structures, including general obligation bonds, water and sewer revenue bonds, tax-credit bonds, school district financings, stand-alone “privatized” project financings and lease- and appropriation-supported debt. At the state level, she has worked with the Commonwealths of Pennsylvania, Virginia and Kentucky, along with the States of Delaware, Georgia, Maryland, New Jersey, as well as West Virginia. Her experience also includes working with Transportation and Higher Education issuers nationally.
Ms. Donnelly is a graduate of Tulane University where she received a Bachelor of Science in Management with a concentration in finance.
Mr. Killen joined PRAG in 2016 as an Associate with five year of municipal finance experience. In this capacity, Mr. Killen provides analytical and project support on all municipal financing engagements. Prior to joining PRAG, Mr. Killen worked for more than five years as an analyst for an international law firm, in their Public Finance department. There, he assisted state, local, higher education and not-for-profit issuers, as well as underwriters, through various aspects of the bond issuance process and provided analysis for swaps and derivatives. Mr. Killen also worked on special projects, such as private use analysis in accordance with post-issuance tax compliance.
Mr. Killen received his MBA from St. Thomas University and a Bachelor of Science in Finance from St. Joseph’s University.
Ms. Weir joined PRAG in 2016 as an Analyst. She provides analytical, project and marketing support to PRAG’s municipal financing engagements, encompassing research, drafting and editing documents, general advisory and administrative support. Ms. Weir also engages in business development through preparing responses for requests for proposals.
Ms. Weir received her MA Ed. from the College of William and Mary and her B.A. in History from the Pennsylvania State University.
Mr. Goldfield works in coordination with PRAG’s Philadelphia office. Earlier in his career, Mr. Goldfield practiced law in the public finance departments of Saul Ewing and Cozen O’Connor where he served clients as bond counsel, underwriters’ counsel, disclosure counsel and issuer’s counsel.
Mr. Goldfield is frequently called on in connection with unfunded accrued actuarial liabilities such as pensions, other post-employment benefits and workers’ compensation liabilities. He played a key role in the State of West Virginia’s pension funding efforts and privatization of the state’s workers compensation system, which at the time had over a $3 billion unfunded accrued actuarial liability. Mr. Goldfield also played a key role in the City of Harrisburg’s recovery plan which involved elimination of nearly half a billion in debt and other obligations, restructuring general obligation bonds and monetizing and selling certain assets of the City.
Mr. Goldfield received his law degree from Villanova University and a Bachelor of Arts Degree in Political Science from The George Washington University.