Our Team - Brad Williams
Prior to becoming a Partner at CMC, Brad Williams was involved in economic forecasting, state budgeting and finances in Sacramento for over 32 years, serving in both the executive and legislative branches of state government.
From 2007 to 2010, Mr. Williams served as a consultant to the Assembly Appropriations Committee, where he was responsible for advising the committee on fiscal measures in the areas of taxation, local government, pensions, and labor. He was also involved in the development of the state budgets during this period, particularly in areas of taxation and local government financing.
From 1995 to 2007, Mr. Williams served in the non-partisan California Legislative Analyst's Office as its chief economist and Director of Economic and Fiscal Forecasting. In that capacity, he was responsible for: the office's economic and budget-related forecasts; financial modeling of budget scenarios; ballot analyses and budget analyses in the areas of revenues, taxation, local governments; and studies related to a wide range of topics, including the energy crisis, revenue volatility, local government financial crises, the impacts of potential changes to the budget process. He was also a key spokesman for the office, frequently providing testimony, presenting to state and national conferences, and appearing on CNBC and other television and radio programs.
Prior to his service with the LAO, Mr. Williams served in numerous capacities, including as an advisor to State Treasurer Kathleen Brown and State Controller Kathleen Connell. He was also executive director the California Industrial Development Authority and the Commission on State Finance - an agency responsible for preparing short- and long- term forecasts of the state's economy and financial situation.
Based on a detailed Wall Street Journal comparison of economic projections made by banks, universities, and other forecasters over the full decade of the 1990s, Mr. Williams was recognized by the Journal as the most accurate forecaster of California's economy for that period. He has authored numerous journal articles on taxation, revenue volatility, and changes in California's income distribution.
Mr. Williams received his BA and MA in economics from the University of California, Davis. He is married to Nancy Williams, and has two daughters, Marissa Gottlieb, and Katherine Williams.