First, the good news: Every public school student in Connecticut is expected in two weeks to have access to a laptop and high-speed internet at home, courtesy of $60 million in federal and philanthropic spending. Now, the bad news: Thousands of seniors and families without school-age children likely remain adrift during the pandemic by a […]
The board’s vote closed the book on a venture marked by its controversial exemption from state disclosure and ethics rules.
State officials and representatives of hedge fund billionaire Ray Dalio’s philanthropic arm will meet Friday to dissolve their education partnership.
The CEO of Connecticut’s education partnership will be paid more than $120,000 in severance if fired, provided she remains silent.
Gov. Ned Lamont said he and the Dalios agreed to dissolve the education partnership because of a “breach of trust.”
That’s a contrast to the first meeting, which was conducted mostly behind closed doors. The partnership has been criticized for a lack of transparency because it originally planned to hold all its meetings privately.
A plan to exclude lawmakers from the executive committee would weaken oversight of the public-private partnership.
The Partnership for CT board was asked to unanimously approve a tentative budget, nearly $250,000 in executive compensation, and various operating procedures before it has even met.
The Dalio Foundation’s $100 million donation to Connecticut’s schools is being hailed as good news, but also opens a host of policy questions on how and where the money should be spent.