Founded Hobbs, Ong & Associates, Inc. in 1996 and serves as President and Managing Partner. With over 35 years of experience, which includes financial advisory services, tax policy and administration, budget and capital planning strategies, economic and fiscal analysis, debt management, sports and entertainment project support, and operations research. He also has significant experience working with the State Legislature and multiple units of regional and local government.
Mr. Hobbs has been actively involved as a technical resource to the Nevada Legislature for the past 35 years. He served on the Legislative Commission’s Subcommittee to Study Laws Relating to Financing of Infrastructure Which Accompany Development, the Subcommittee Studying Laws Relating to the Distribution Among Local Governments of Revenue from State and Local Taxes and in 2002, Mr. Hobbs was appointed by Governor Kenny Guinn to chair the Governor’s Task Force on Tax Policy in Nevada. Mr. Hobbs background also includes several years of teaching experience on behalf of the College of Business and Economics at UNLV, and 13 years as Chief Financial Officer for Clark County. Mr. Hobbs earned a BA in Business Economics from the University of California, Santa Barbara, and a MBA from UNLV
Co-founder and Director of Hobbs, Ong & Associates, Inc. Areas of expertise include financial advisory services assisting municipal issuers in obtaining more than $24 billion in tax-exempt financing through a variety of security instruments, including: revenue bonds, general obligation bonds, commercial paper and assessment districts, among others. She also has experience in the preparation and administration of governmental budgets, fiscal impact analysis, legislative strategy, private activity bond administration, and feasibility studies.
Ms. Ong has provided oversight on the sale of more than 250 bond transactions totaling $24 billion of taxable and tax-exempt debt. The proceeds funded improvements for airports; convention facilities; flood, water and sewer projects; hospitals; special improvement districts; transportation and general government projects. These issues have included General Obligation, Revenue and Special Improvement District bonds, Refundings and General Obligations with Additionally Secured Revenues.
Ms. Ong received a Bachelor of Science in Business Administration from the University of Nevada, Las Vegas, with an emphasis in Finance.
Mr. Chachas is a senior analyst responsible for a research and economic analysis, municipal finance and topical research. He also serves as staff support to municipal clients. Prior experience includes the positions of Financial Analyst and Deputy Budget Director for Clark County, Comptroller of a small local casino, and as the Regional Representative for Nevada Congressman Jim Santini in Northern Nevada and Las Vegas for six years. Chachas earned a Bachelor of Arts degree in accounting at the University of Utah in Salt Lake City, Utah.