Alexa

Wealthy donation to state raises concerns about transparency

FILE - In this March 23, 2019 file photo, Bridgewater Associates Chairman Ray Dalio speaks during the Economic Summit held for the China Development F...

FILE - In this March 23, 2019 file photo, Bridgewater Associates Chairman Ray Dalio speaks during the Economic Summit held for the China Development F...

HARTFORD, Conn. (AP) — Open government advocates and experts on philanthropic donations are questioning the decision to exempt a new partnership between the state of Connecticut and a private foundation from the state's open records laws.

Excited about a pledge of $100 million for public education from Barbara and Ray Dalio, founder of the world's largest hedge fund, state officials agreed to add $100 million in taxpayer money. Lawmakers say, at the request of the wealthy couple's foundation, they agreed the new Partnership for Connecticut Inc. will be exempt from the Freedom of Information Act and state ethics rules.

Republican Rep. Vincent Candelora says transparency is mandated when tax dollars are involved.

Barbara Dalio understands the concerns but says the arrangement allows people to speak freely and act nimbly.


Updated : 2021-01-19 16:23 GMT+08:00