Municipal Advisory Services - GO and BI Bonds

Baker Tilly Advisory Group LP was awarded a Municipal Advisory Services contract by the Illinois Governor's Office of Management and Budget (GOMB) through a competitive sealed proposal procurement. The contract, identified by Bid Number 25-507GOMB-MGMTB-B-45603, has an initial term of three years from July 31, 2025, to July 31, 2028, with a maximum contract value of $130,000 per bond issuance. The contract is structured to provide comprehensive financial advisory services focused on state debt management, including assistance with bond issuance, rating agency strategy development, refunding structure analysis, and debt portfolio management.

As part of a pool of selected Municipal Advisors, Baker Tilly will serve as an Independent Registered Municipal Advisor (IRMA) for the State of Illinois, supporting the state's financial strategic initiatives. The procurement process emphasized not only technical capabilities and experience with state-level credits but also the vendor's commitment to diversity, equity, and inclusion. The contract allows for potential renewals up to a total of ten years, with pricing structured based on bond sale type and transaction size, reflecting the specialized nature of municipal financial advisory services.