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Public Finance Group Ranked in Chambers USA Guide – Jackson Walker

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Public Finance Group Ranked in Chambers USA Guide – Jackson Walker

In its first-ever guide to the top Texas firms for Public Finance, Chambers and Partners ranked Jackson Walker in the 2024 USA Guide released today. In addition, Public Finance partners Rick A. Witte, Todd B. Brewer, Tanya A. Fischer, and Hoang T. Vu were ranked among the top Texas attorneys in this area.

Each year, Chambers and Partners releases its flagship guides that identify leading practitioners and law firms in the United States and around the world through the culmination of thousands of interviews with attorneys and clients conducted by over 200 research analysts.

In the 2024 guide, Chambers noted that Jackson Walker “has a strong Texas-based public finance practice. The firm has significant expertise in the education sector, routinely representing school districts in financings. It has complementary strength acting as underwriters’ counsel for financial institutions.

The firm is proud of the Public Finance team’s recognition along with first-time rankings in the areas of antitrust, immigration, intellectual property, government relations, and white-collar litigation. For more information, view Jackson Walker’s announcement of the Chambers 2024 rankings and the firm’s Chambers profile.

About the Practice

Jackson Walker’s Public Finance team plays a leading role in advising government entities, nonprofits, and financial institutions across Texas on tax-exempt financings for major projects generated in part by the state’s population growth and infrastructure needs. With more than 140 years of collective experience, the Public Finance group has represented practically every type of entity that can borrow funds on a tax-exempt basis or provide tax-exempt financing in more than $200 billion of public finance transactions.

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The team serves as bond counsel to several clients, including (but not limited to):

  • Houston Independent School District, the largest public school district in Texas with over 190,000 students;
  • Katy Independent School District, one of the fastest-growing school districts in Texas with over 88,000 students;
  • Pasadena Independent School District; and
  • City of Pearland, Texas, the fastest-growing city in the Houston, Texas region.

In addition, the team represents the Public Finance Authority of Wisconsin in connection with the Texas Infrastructure Program, which has developed an early stage, short-term financing to bridge the gap between public infrastructure expenditures and Municipal Utility District reimbursements, which allows real estate developers to pay infrastructure costs early in the development cycle with nonrecourse tax-exempt debt. This program is important because traditional financing methods are antiquated and have become increasingly more arduous and less accessible in the last five years. Construction of public infrastructure in connection with residential development, including the financing thereof, throughout the state is vitally important.

About Our Attorneys

Rick Witte Rick A. Witte leads the Public Finance group at Jackson Walker. He regularly serves as bond counsel, disclosure counsel, underwriters’ counsel, and bank counsel for tax-exempt and taxable bond transactions for school districts, junior college districts, cities, counties, state agencies, economic development corporations, and special authorities throughout Texas. In the inaugural Chambers Texas Public Finance rankings, Rick is listed in Band 1, the highest band of the top-ranked attorneys in this area.
Todd BrewerTodd Brewer Todd B. Brewer, who ranks in Band 2 in the Chambers USA Guide, brings a wealth of public finance experience in all areas of tax-exempt and taxable transactions. His practice includes the roles of bond counsel, underwriters’ counsel, and direct purchaser counsel for cities, counties, school districts, special purpose districts, local government and economic development corporations, state agencies, non-profit organizations, and private entities for infrastructure, public and private schools, charter schools, economic development, cultural and community facilities, land development, and the securitization of assets and revenue streams due to private entities. He has extensive experience in representing governmental entities and private parties in connection with economic development projects and major sports and entertainment facilities.
Tanya FischerTanya Fischer Tanya A. Fischer, who is also listed in Band 1 along with Rick, represents domestic and foreign banks that provide credit and liquidity facilities for tax exempt or taxable financings as well as on public finance transactions involving loans and direct purchases. She serves as bond counsel, disclosure counsel, and underwriters’ counsel in tax-exempt bond transactions for school districts, junior college districts, cities, counties, and state agencies throughout Texas. Chambers noted that one client stated in an interview that Tanya “is extremely knowledgeable and always available to answer my questions.”
Hoang VuHoang Vu Hoang T. Vu, who is ranked in Band 2, was praised by clients as “an excellent attorney” in the Chambers USA Guide. In his practice, Hoang serves as bond counsel, disclosure counsel, underwriters counsel, issuer counsel, borrower counsel, and bank counsel in connection with taxable and tax-exempt financings for governmental and nonprofit entities. He also has distinctive experience in representing banks and other financial institutions on public finance transactions including loans, direct purchases of debt and credit and liquidity facilities for variable rate bonds and commercial paper programs.
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Finance

The Worst Financial Advice People Keep Repeating Despite Being Wrong

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The Worst Financial Advice People Keep Repeating Despite Being Wrong

Talking about finances can be stressful, but it’s even more stressful if you’re not sure what advice is good and what advice might put you in a worse position than you started in.

Recently, a Reddit user who goes by market_vision1 asked, “What is the worst financial advice people still repeat?” I took out a little pen and paper while I was reading through these, like, “Lemme write that down. And that. Oh! And that, too!” I’m curious what you think, though. Are all of these things we should avoid financially?

1. “One of the more damaging ideas out there is ‘Oh, you’re young, don’t worry about money, just go have fun and worry about it when you are older.’ Of course, the number one regret I hear from clients nearing retirement is that they wish they had just started saving when they were younger.”

—u/hems86

Aaronamat / Getty Images

2. “The ‘tax bracket’ myth should be illegal. My uncle turned down a $10K raise because he thought he’d ‘lose money.’ He literally paid $10,000 to avoid $2,200 in taxes. That’s not a tax strategy. That’s a $7,800 donation to the Dumba— Fund, and he’s the chair.”

—u/Serious_Cress5040

Related: “31 Things Only Super Wealthy People Can Buy That You Probably Don’t Even Know Exist”

3. “People living outside of their means and not realizing it. They say things like, ‘You deserve X, don’t settle for less.’ Most of the people I see who are broke are not 100% victims of the system. The majority of people waste their money on dumb stuff that they can’t afford. They’ll tell me they’ve cut out all unnecessary spending, but when I look at their actual expenses, I see otherwise. Spending $800 a month on DoorDash, financing a new car with a $900 monthly payment, going on international vacations, spending 70% of their income on rent in a fancier apartment when there are options for cheaper living.”

—u/hems86

4. “I’m a financial planner, and some of the worst advice I’ve ever heard is ‘Don’t pay off your credit cards in full. Carrying a balance on your credit card builds your credit; paying it off every month hurts your score.’ People say this to me all the time when I ask why they carry a balance on their card with 25% interest when they have more than enough to pay it off.”

—u/hems86

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Person looking stressed, holding a credit card and sitting at a laptop with scattered bills on a coffee table, in a living room setting
Srdjanns74 / Getty Images

5. “It’s not so much advice as it is a financial choice. I know people who are taking out 96-month loans on cars they never should’ve considered in the first place, just because they can make the car note when it’s stretched over eight years. They never considered the interest on the loan plus the rate cars depreciate and are befuddled when they can’t afford to trade it in.”

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I’m a 25-year-old grad student on a budget. I’ve struggled to accept financial help from my Boomer and Gen X friends.

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I’m a 25-year-old grad student on a budget. I’ve struggled to accept financial help from my Boomer and Gen X friends.

In August, I quit my steady job as a New York City public high school teacher to start a full-time graduate program in Manhattan. I worried about the choice not only because I loved my work with the kids, but also because I had traded a consistent paycheck and affordable health insurance for tens of thousands of dollars in tuition.

When I was teaching, I prepared for the cost by scrimping to save every cent I could. But my account balance still wouldn’t fully cover two years of school and living expenses.

Throughout my savings journey, I learned a lot of lessons, especially from my older friends.

I jumped into major money-saving mode

As a result, I redoubled my frugal efforts. I made a rule that I wouldn’t eat out or order takeout unless it was someone’s birthday. I asked to meet people in parks rather than restaurants and suggested $5 happy-hour spots from a meticulously crafted list on my phone.

On rare occasions when I dined out, I looked at the prices before deciding what to order and pored over the bill with a calculator.

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It worked. While it was still difficult to watch my savings dwindle — buoyed occasionally by small deposits from part-time jobs — I kept my costs (relatively) low for a 20-something in the city. Most friends understood my restrictions or were in similar situations.

I worried when my older friends routinely paid for me

But this approach didn’t work as well with my five older friends from my intergenerational writer’s group. We’d been meeting weekly on Zoom for several years when we started visiting each other in our home states across the country. As women in their 40s and 60s in dual-income households with established careers, they understandably gravitated toward nicer places where the cheapest cocktail cost $20. My dive bars with weirdly stained walls weren’t going to cut it.

When I visited two of these friends in Chicago, I anticipated that we’d go to swanky spots and saved up for weeks, cutting out anything nonessential from my grocery list — chocolate-covered pretzels, bananas, frozen fried rice.

But when I offered to chip in for our multi-course dinners or luxury spa day, they brushed me off.

I was grateful for their generosity, yet overcome with guilt. They had contributed so much to our time together. I didn’t want to be a freeloader, the friend who couldn’t hold up her end of the deal. How could I pay them back and show my appreciation?

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At the end of the trip, my friend Andrea, 46, and I ate lunch in a diner in the Gold Coast. I made one last offer to Zelle her. In response, she said something that stuck with me.

“When I was in my 20s, people helped me,” she told me with an easy smile. “When you’re 40, just pay it forward by buying a younger woman dinner.”

Her wisdom helped me slowly release my anxiety

I mulled over her words on the plane home. I was surprised that her view of the situation differed so much from mine, and relieved she didn’t see me as taking advantage of her. Yet it was still hard to fully let go of the weight in my chest — the feeling of being indebted to someone’s kindness, of accepting a gift while knowing you can’t reciprocate.

Months later, my 64-year-old friend from my writer’s group visited from Florida. We went out for coffee, and I thought to myself, Okay, now this I can afford. But when I offered to cover or at least split it, she waved me off, saying, “My treat.”

I thought of Andrea’s words and told myself, She’s being nice. Don’t worry about it.

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“Thank you,” I said, and meant it.

A while later, when another friend visited from Washington, she paid most of our checks at the bars and restaurants we visited. Though I felt a twinge of the usual panic at first, by our second day together, I was able to let it go. As we wandered through the Upper West Side, the tightness in my chest lifted, leaving only gratitude that she was here.

I do plan on paying it forward

Andrea was right, I realized. Helping each other was what friends did, and they clearly weren’t bothered by it. Sure, I wasn’t paying for lavish things or hosting people, but I shouldn’t let my own hangups affect our time together, which always produces some of my favorite memories.

Eventually, I’ll be able to do what they’ve done for me for another woman, who can then help someone else.

Instead of worrying, now I let my friends’ kindness bring us together and smile, knowing that every time I pay for a 20-something woman in the future, I’ll think of them.

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Las Cruces finance director gets national honor for ‘exceptional contributions’

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Las Cruces finance director gets national honor for ‘exceptional contributions’

EL PASO, Texas (KTSM) — The City of Las Cruces’ finance director has received a national honor recognizing “exceptional contributions to public finance and local government service,” the City said.

Finance Director Lesley Doyle was selected by the Government Finance Officers Association (GFOA) to receive the organization’s “Recognition for Outstanding Public Service.”

The award recognizes Doyle’s leadership during a critical financial period for the City.

She stepped into the role of finance director as the City’s FY25 audit identified a projected beginning balance shortfall of more than $10 million in a community of nearly 120,000 residents, the City said.

Doyle led a coordinated effort to communicate the financial situation clearly to City departments, executive leadership, and the City Council, while working with the budget team to close the gap without reducing essential services.

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Josie Trevino, assistant finance director, credited Doyle with building a culture of trust and collaboration between the Finance Department and other City departments from the beginning of her tenure.

Doyle came to municipal government after a career in public education, transitioning from a school district into City finance leadership.

“In her first year, she met the challenge with confidence, emphasizing open communication, transparency, and proactive problem-solving. Her leadership has helped strengthen relationships across the organization while fostering a positive and supportive workplace culture within the Finance Department,” the City of Las Cruces said.

“The balance of technical skill and genuine care for people is what makes Lesley’s leadership unique,” Trevino said.

The GFOA has published Doyle’s recognition on its website, and her story will also be highlighted during the upcoming GFOA newsletter and highlighted at the annual GFOA conference.

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