Belvia B. Gray

Belvia B. Gray



+1 (317) 465 1523

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Belvia is a principal and municipal advisor within the public sector practice group and has been with the firm since 2005.

She specializes in serving schools and libraries on their financial needs, including municipal bond issuance, and capital planning. She also has experience with budgeting and legislative analysis.

Registered Municipal Advisor with the Securities and Exchange Commission.

  • Serves on the Service Delivery Committee
  • Provides services related to the issuance of bonds, from financial feasibility through post-issuance
  • Assists with capital and operating referenda planning and strategy related to ballot initiatives
  • Develops comprehensive financial plans to help clients with future planning needs
  • Indiana Association of Public School Superintendents
  • Indiana Association of School Business Officials
  • Indiana School Boards Association
  • Indiana Library Federation
  • Speaks on municipal bond issuance and other financial topics related to schools and libraries at conferences and universities
  • Art with a Heart, Treasurer
  • Founding board member for Indiana Women in Public Finance
  • Municipal bond issuance
  • Referendum planning and strategy
  • Comprehensive Financial Planning
  • Circuit Breaker Tax Caps


Indianapolis, IN


Master of Public Affairs in public finance
Indiana University

Bachelor of Arts in political science and public relations
Butler University (Indianapolis, Indiana)

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