Governor Nikki Haley today announced Chad Walldorf, of Sullivan’s Island, as the next Chairman of the South Carolina Board of Economic Advisors (BEA).
“We need a person at BEA who will provide us with accurate information and who understands the budget problems we’re dealing with, and Chad Walldorf is that person,” said Governor Haley.
Walldorf served as Vice Chairman of Gov.-elect Haley’s transition team. He is a businessman who was named a 2004 Ernst and Young “Entrepreneur of the Year” for the Carolinas and a member of the inaugural class of the Liberty Fellowship.
Walldorf served in the Reagan White House’s Office of Political Affairs and for two years as Deputy Chief of Staff to Governor Mark Sanford where, amongst other things, he oversaw the implementation of the state’s first activity-based budgets. He chaired the 2007 Government Efficiency and Accountability Review (GEAR) Commission which resulted in detailed recommendations for the Budget and Control Board with half a billion dollars in estimated savings.
“There is considerable work ahead of us given our state’s difficult budget situation,” said Walldorf. “However, I am encouraged by the team Governor Haley has put together and her vision for conservative reform that she is implementing. I look forward to working with the members of the BEA and Budget and Control Board to help put our fiscal house back in order.”
BEA prepares and reviews economic forecasts and general fund revenue projections and advises the Budget and Control Board and the General Assembly on fiscal matters. The chairman of the BEA reports directly to the Budget and Control Board to establish policy governing economic trends.
