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Learn about the Team at DART Investor Relations, including our Chief Financial Officer, Treasurer, and Assistant Treasurer.
Costello brings 20 years of executive level transit experience to DART in his role as senior vice president of finance. Costello oversees DART's budget process, financial planning, debt financing and management, treasury, funds management, revenue administration and collection, grants management, accounting, accounts payable, and business process reengineering.
Prior to joining DART, Costello worked for the Regional Transportation Authority which provides financial oversight, funding, and regional planning and services for public transportation in northeastern Illinois.
Burns joined DART in 2015 with 15 years of wide-ranging experience in public finance. Previously, he was a senior vice president with Siebert Brandford Shank, working as a municipal bond investment banker. Before that, he served as an executive vice president at Estrada Hinojosa, working as bond financial advisor and investment banker for several major Texas bond issuers.
From 2009 to 2011, Burns served as executive director of the Texas Public Finance Authority (TPFA), leading the issuance of over $2 billion in bonds to finance capital needs and other programs for 23 state agencies. As director of TPFA, he was also responsible for managing bond proceeds, making debt service payments, and monitoring compliance for over $4 billion in state debt.
Prior to his service with the State of Texas, Burns worked for over eight years as a vice president/senior analyst with Moody’s Investors Service. As a public finance bond analyst, he led the issuance of credit ratings for several of the nation’s largest bond issuers, including Houston, Dallas, Austin, Fort Worth, Oklahoma City, etc.
Burns is a sixth generation Texas native, with a B.A. in Government from the University of Texas at Austin and a Master of Public Affairs from the University of Texas’ LBJ School. In addition to his public finance work, Burns also served as an advisor to the Austin City Council and as a policy analyst for the Texas Senate.
Wally joined DART as cash and debt administrator in 2017. As Assistant Treasurer, Wally oversees DART's banking, debt compliance, cash management, cash processing, and handles investments of DART's $600 million portfolio.
Prior to DART, Wally has thirteen years (13) experience working at such cities as Southlake, Dallas, Arlington, and West University Place, Texas where he served in several roles including Treasurer, Cash and Debt Administrator, Budget Division Head, Procurement Division Head, and Utility Billing Division Head.
Wally is a graduate of the University of North Texas with a Masters in Public Administration. In addition, Wally is a graduate of Texas Tech University with the Bachelors of Business Administration in Finance, Economics, and General Business.