Laurence Wadler
Adjunct Professor of Public Administration

Professor Wadler is the founder and manager of Precision Analytics Inc, a successful consulting practice specializing in the design and development of structured bond transactions and financing programs primarily for governmental and non-profit entities.  He possesses expertise in all areas of structured finance including housing, health care, infrastructure and education and routinely provides strategic assessments of structured finance opportunities available to large governmental and non-profit issuers.  He also serves as one of the nation's premier cash flow verification agents.

Professor Wadler previously served as Vice President of Public Finance at Bear, Stearns & Company in charge of quantitative analysis and Director of Financial Analysis at Hawkins, Delafield & Wood. He earned a Bachelor of Arts with a major in Political Science from the University of Rochester and a Masters in Business Administration with a major in Financial Management from Iona College.

Professor Wadler has authored the following industry publications:

"Toward a New Financial Architecture", The Municipal Finance Journal, Volume 30, Number 2,

"An Introduction to Revenue Curve Analysis", The Municipal Finance Journal, Volume 21, Number 3 ,

"The Impact of Lending Velocity on Revolving Fund Performance", The Municipal Finance Journal, Volume 16, Number 1, and

 "The Municipal Finance Opportunity Cost Index", The Municipal Finance Journal, Volume 14, Number 3

 He is currently in the process of writing a three book series entitled "Finance as Architecture - Taking the Wright Approach."

Semester Course
Spring 2015 PADM-GP.2106.001 Community Organizing

Introduction to Community Organizing is for those who could imagine running national or local advocacy organizations that make change happen or anyone who wants to understand the art of community organizing. It will provide an overview of and training in contemporary community organizing practice in the United States. This includes defining what community organizing is and identifying its value base; exploring the strategies, tactics and activities of organizing; and thinking about marketing, language and evaluation. We also will examine the transformations of civic engagement and voluntary associations in the United States and the impact of these transformations on the ways Americans organize and advocate for change.

But there is a larger lesson here: The skills of community organizing – listening, finding areas of consensus and building on that consensus, finding ways to make change happen – are skills that can be applied to all professional and life settings. Through readings, class activities, cases studies, speakers and reflection, students will examine skills and techniques for effective organizing, including building a membership base, developing ordinary people as community leaders and running member-led issue campaigns. Students will also have the opportunity to reflect on and strengthen their own skills as community organizers and advocates.

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Spring 2014 PADM-GP.2144.001 Debt Financing and Management for Public Organizations

This Course will focus on the issuance and management of debt by state and local governments, not-for-profit institutions and local authorities. The course will address the history and evolution of the capital markets through which municipal issuers borrow funds, primarily on a tax-exempt basis. The course will focus primarily on the issuance of long-term debt to support capital investment, but will also examine short-term borrowings as well.

Students will understand the role of the various participants in the capital markets, including but not limited to the issuer, underwriter, financial advisor, legal counsel, rating agency, insurer and investor. Specific case studies and assignments will explore important events in the municipal market that have resulted in significant change in participant behaviors and market volatility.

Students will become familiar with standard market calculations and analysis including bond sizing and structuring, net present value analysis and credit/risk analysis.

Students are assumed to have a good working knowledge of spreadsheet applications and basic quantitative proficiencies.

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