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John R. Farris

John Farris founded Commonwealth Economics in 2007 and is President and Managing Partner of the company. He served as an economist at the Center for Economics Research at the Research Triangle Institute, as well as a senior economics consultant with both the World Bank and the International Finance Corporation. From 2006 to 2007, Mr. Farris served as Secretary of the Finance and Administration Cabinet for the Commonwealth of Kentucky. Mr. Farris is Chairman of the Board of Directors for Kentucky Retirement Systems (KRS), and also serves on the Board of Directors of Kentucky Employers’ Mutual Insurance (KEMI), Green Brick Partners (NASDAQ: GRBK), and Kentucky Technology Inc. Mr. Farris also acts as a Senior Investment Advisor to the Centre College Endowment.

Mr. Farris received a full-tuition fellowship to study economics and finance at the Woodrow Wilson School at Princeton University, where he was awarded a Master’s Degree. Before attending Princeton, Mr. Farris studied economics and philosophy at Centre College from which he graduated Phi Beta Kappa. Mr. Farris holds the FINRA/MSRB Series 50 Municipal Advisor designation.

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F. Thomas (Tom) Howard

F. Thomas (Tom) Howard joined Commonwealth Economics in 2013 as a Partner. He retired from the Commonwealth of Kentucky’s Office of Financial Management (“OFM”) in the Finance and Administration Cabinet where he served as the Executive Director since 2005 and previously as the Deputy Executive Director. In that capacity he oversaw the Commonwealth’s $12 billion investment and appropriation-supported debt programs.

Mr. Howard has a background in banking and investment management. Before joining the Commonwealth in 1989 as a portfolio manager, Mr. Howard held various positions with First Security Bank & Trust Company and Eclipse Capital Management, Inc. In addition, Mr. Howard served three years as a public member and issuer representative of the Municipal Securities Rulemaking Board, which regulates the activities of banks and broker-dealers under the direction of the Securities and Exchange Commission. He is also a past chair of the State Debt Management Network, an affiliate of the National Association of State Treasurers.

During his tenure, Mr. Howard assisted the Commonwealth’s legal team with the Department of Revenue v. Davis Case, which worked its way through the state court system before being heard by the United States Supreme Court. The question before the court was for providing an income tax exemption for interest on bonds issued by the state, while denying the exemption to interest on bonds issued by other states. The Supreme Court ultimately ruled in favor of the Commonwealth. Additionally, Mr. Howard was very active in planning and financing many of the state’s highest profile projects, such as the Louisville Yum Center Project, the Louisville Southern Indiana Ohio River Bridges Project, the University of Kentucky Hospital and Louisville Metro Center City (Omni) Project.

Mr. Howard received his Bachelor’s of Business Administration with a concentration in finance from the University of Kentucky and holds the FINRA/MSRB Series 50 designation as a Municipal Advisor.

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Brett L. Antle, CPA

Brett Antle is a Partner at Commonwealth Economics. Mr. Antle has over 25 years of experience in financial consulting, government finance and accounting. Since joining Commonwealth Economics in 2013, Mr. Antle has provided quantitative and financial analysis on several types of projects, including sports arenas, infrastructure, and a variety of mixed use commercial developments.

Before retiring from the Commonwealth of Kentucky’s Finance and Administration Cabinet in 2012, Mr. Antle served in various roles within the Office of State Controller where he managed the implementation of several financial, reporting and eCommerce systems. He served the last several years of his career with the Commonwealth as the Deputy Executive Director of the Office of Financial Management where he managed the Commonwealth’s appropriation-supported debt program and participated in the structuring and issuance of several billion dollars of taxable and tax-exempt bonds. Mr. Antle has also worked as an independent consultant on a number of financial system implementations.

Mr. Antle received his Bachelor of Science degree in Accounting from the University of Kentucky. Mr. Antle is a licensed Certified Public Accountant in Kentucky and holds the FINRA/MSRB Series 50 Municipal Advisor designation.

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Casey R. Bolton

Casey Bolton is a Partner at Commonwealth Economics. Mr. Bolton has specialized in various forms of economic analysis, including managing a number of feasibility analyses and economic and fiscal impact studies since joining CE in 2009. Mr. Bolton has conducted feasibility analyses and impact studies for a wide variety of businesses and development projects and has guided several of them through the approval process towards receiving millions of dollars in funding. Mr. Bolton has experience in dealing with various forms of economic incentive programs at both the State and Federal level, especially Tax Increment Financing. Mr. Bolton also has experience working with early stage companies to develop business plans, scenario-based financial models, pitch books, and offering documents in order to raise capital.

Mr. Bolton received his Bachelor of Science degree in Financial Economics with a minor in Political Economy from Centre College in Danville, Kentucky and holds the FINRA/MSRB Series 50 Municipal Advisor designation.

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Austin M. Arnold

Austin Arnold joined Commonwealth Economics in 2017 as an Associate. Mr. Arnold is responsible for conducting feasibility analyses, economic and fiscal impact studies, as well as examination of State and Federal level economic incentive programs.

Before joining Commonwealth Economics, Mr. Arnold served the Centre College Athletic Administration where he assisted the implementation of a new financial database. Additionally, Mr. Arnold has experience analyzing quantitative and financial data in his role as a Financial Counselor for 21st Mortgage Corporation.

Mr. Arnold received his Bachelor of Science degree in Economics & Finance from Centre College in Danville, Kentucky and is working toward his FINRA/MSRB Series 50 Municipal Advisor designation.

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