Clifford A. Goldman Obituary and Statement from NJPP President Gordon MacInnes

His wife Irene said the cause of death was leukemia, He was 75.
A widely respected expert in public finance, Mr. Goldman also served in the administrations of Governors Hughes and Cahill and assisted in the transition planning for several later administrations. In 1982, he established a financial consulting firm, Goldman, Beale Associates, that advised dozens of state agencies and New Jersey municipalities including Newark, Trenton, Jersey City, Paterson, North Bergen and Camden on fiscal and financing concerns.
In 1976, the supreme court ordered the schools shut down and the legislature enacted a revised version of the school aid and income tax package, ending decades of political stalemate.
The State had seen it’s credit rating reduced from AAA to AA by Moody’s in 1975.With adoption of the income tax, Mr. Goldman argued that the State’s financial foundation was again sound and that a rating upgrade was in order. Moody’s agreed and restored its highest rating. At the end of Governor Byrne’s term, New Jersey was one of few state’s holding AAA ratings from all three major rating services and it’s public employee pension systems were funded at 105% of accrued liability. Until his illness, Mr. Goldman had served as chairperson of the Mercer County Alliance to End Homelessness since 2009.