David Erdman

Managing Director, Baker Tilly

David Erdman

David Erdman, managing director of Baker Tilly Municipal Advisors, LLC, has over 30 years of public finance experience at a major state-level issuer and is an active advocate and leader for municipalities in the municipal bond market. David is a part of the national large issuer team supporting the Midwest.


Specific experience

  • Extensive working relationship with many regulatory agencies along with significant experience with multiple types of credits and transactions
  • Experience with ESG matters – both their impact and benefit on issuers – and working on the current federal Infrastructure Bill
  • Member of the State of Wisconsin Capital Finance Office from 1994 (director since 2015) until retirement in July 2022
  • Led a team responsible for the preparation, sale, issuance, disclosure and compliance of nearly 300 State of Wisconsin bond/notes issues in aggregate par amount of nearly $50 billion
  • Played key role in the sale and issuance of obligations for the Fiserv Forum, Foxconn Development in the Village of Mount Pleasant and expansion of the Wisconsin Center District
  • Sold, placed and issued various forms of obligations – bonds, commercial paper notes, auction rate certificates, variable rate demand obligations and floating rate notes, along with negotiating terms of swap agreements and termination of swaps
  • Past financial management of the State’s Clean Water Fund and Safe Drinking Water Loan Programs, working with municipalities to obtain financial assistance from these programs
  • Prior to working at the State of Wisconsin Capital Finance Office, worked for five years at the Department of Natural Resources in the State of Wisconsin Clean Water Fund Program

Industry involvement

  • Immediate Past Chair of the State Debt Management Network (SDMN)
  • Member of GFOA’s Committee on Governmental Debt Management
  • GFOA lead for Disclosure Industry Workgroup

Community involvement

  • Chair of Stoughton Utilities Committee
  • Advanced Emergency Medical Technician volunteer for Stoughton, Wisconsin
  • Chief Election Inspector (State of Wisconsin/City of Stoughton)