Auditors: Board of Regents underfunded colleges by $7 million and gave out employee bonuses, furlough compensation instead
In an effort to spend down an accumulated $7 million in excess allocations, the Connecticut Board of Regents for Higher Education spent $3.3 million on employee bonuses and furlough compensation, according to a newly-released audit of the community college system. “Between 2010 and 2015, the system office underfunded the colleges’ ...