Our Team

Meet our experienced and professionals team


William Sheldrake


Bill Sheldrake, a recognized leader in economic analysis, state and regional economic development, and public finance, is the President and founder of Policy Analytics. With more than 30 years of experience in economic policy analysis, research, and finance, Bill provides both analytical leadership and firm direction in the carrying out of Policy Analytics’ projects. Bill served for more than eight years as President and CEO of the Indiana Fiscal Policy Institute, a non-partisan, independent, governmental research organization.  Under his leadership, the IFPI conducted research on human capital shortages in Indiana, examined public pension funds, and assisted in the development of Indiana tax restructuring legislation, among many other projects. Before serving with IFPI, Bill served as the Indiana State Budget Agency’s chief revenue forecaster, head of tax analysis, and Deputy Budget Director.  In this role, Bill was responsible for forecasting elements of the Indiana economy, and analyzing all Indiana economic regions.

Bill has led for a wide range of recent Policy Analytics projects, including:  leading the analysis of the Chicago regional economy for the Northern Indiana Commuter Transportation District’s FTA New Starts application process, and the construction of a Comprehensive Strategic Development Plan for the Northwest Indiana Regional Development Authority.  Bill is also a former member of the National Board of Trustees of the Governmental Research Association and member of the Governmental Accounting Standards Board Advisory Council.  Bill earned a master’s degree with a public finance concentration from Purdue University.


Jason O’Neill

Managing Director

Jason is Policy Analytics’ Managing Director, overseeing the long-term strategy and day-to-day operations of the firm.  Jason has 17 years of experience in helping clients to evaluate complex policy choices and to quantify the budgetary and economic implications of available options.  His work centers on developing and using forecasting and simulation tools to inform the strategic direction of economic development, capital investment and local government finance.  Jason has broad experience assisting clients in evaluating the fiscal implications of public policy decisions using accurate, quantitative methodologies. 

Jason has worked extensively with school corporations, county and municipal governments, and on numerous strategic planning projects.  Jason holds a Master’s in Business Administration, with a concentration on Finance, from the Indiana University Kelley School of Business.


David Reynolds

Senior Vice President

David serves as Policy Analytics’ Senior Vice President, applying his extensive finance expertise to support clients in developing sound fiscal strategy.  David began his public service career in 1991 as a Public Safety Budget Analyst for the Indiana State Budget Agency.

In 1996, he served as a Fiscal Analyst for the Indiana House of Representatives’ Ways & Means Committee, and then in 2001 he was appointed as the Deputy Budget Director for the Indiana State Budget Agency. He served three Governors (O’Bannon, Kernan, and Daniels) in that capacity. In August of 2007, David was appointed by Governor Daniels to the position of Executive Director of the State Student Assistance Commission of Indiana.

David moved to local government in January of 2008 when he joined the Ballard Administration and served as the Indianapolis City Controller. In October of 2010, he returned to state government and served as the Executive Director of the Office of Senate Fiscal Policy.

David holds a bachelor’s degree from Indiana University-Purdue University Fort Wayne, and has completed graduate work at the Indiana University School of Public and Environmental Affairs. In July 2019, David joined Policy Analytics, LLC and is the Senior Vice President.


Barry Gardner

Director of School Services

Barry leads Policy Analytics’ School Services practice. He is a proven leader In Indiana school finance, having served as a school business official for 8 years, most recently as the Assistant Superintendent for Finance and Operations for MSD Wayne Township.

During his time in school finance, Barry has leveraged the strengths of each district to maximize their resources.  Whether by creating additional financial capacity while decreasing the tax rate or by helping a district reach a point where it could allow an operating referendum to expire, Barry has led through innovative approaches to financial challenges. While serving in school finance, Barry has been a leader in the Indiana Association of School Business Officials serving on committees such as the School Finance and Fiscal Indicators Committees, and serving as the Region 8 Director for the association. Barry has been honored as the IASBO Region 8 School Business Official of the Year and the Indianapolis Business Journal CFO of the Year. He earned his bachelor’s degree in Elementary Education from Marian University and his Education Specialist degree from Ball State University. Barry is currently enrolled as a doctoral student in Educational Leadership at Indiana University Bloomington. He also holds a Certificate in Education Finance from the McCourt School of Public Policy at Georgetown University.

Isaac Ray

Isaac Ray

Director of Data Systems

Isaac is an experienced software developer, and is responsible for building and maintaining the data models and computer applications that serve Policy Analytics’ clients.

He is the lead developer on Policy Analytic’s proprietary Local Government Revenue Model, and has developed innovative data models in the areas of local government revenue analysis and forecasting, economic development planning, and economic impact analysis. Isaac earned a Bachelor’s degree in Computer Science from Purdue University.


Addie Hanchett

Senior Fiscal Analyst

Addie is a Senior Fiscal Analyst at Policy Analytics, focused on supporting school clients with comprehensive and accurate data analysis.  Addie has a strong quantitative background, assisting Policy Analytics in the development of statistical models and large-scale data analysis and geographic information systems.

Addie graduated from Rose-Hulman in 2017 with a degree in Mathematics, concentrating in Applied, and a minor in Economics.

Drew LeFebvre

Fiscal Analyst

Drew is a Fiscal Analyst and supports Policy Analytics clients by performing financial analysis, developing data models and GIS analysis.  Drew has strong skills in data visualization and presentation using mapping and data reporting frameworks such as PowerBI.

Drew will be a 2024 graduate of the Indiana University Kelley School of Business, and is certified as a Level I Assessor-Appraiser. 

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