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Board Members Call for Support of $470 Million Investment in Connecticut Nonprofits

  • More than 250 board members sign letter of support for plan to fund Connecticut nonprofits with $470 million over seven years
  • Funding would support human services nonprofits that contract with the state
  • Letter argues that the funding is necessary due to financing shortfalls and the COVID-19 pandemic

Summary by Dirk Langeveld

More than 250 board members of community nonprofits across Connecticut have signed a letter asking Governor Ned Lamont to support a plan currently before the state’s Appropriations Committee to bolster the finances of human services nonprofits that contract with the state.

The plan would invest $470 million over seven years in these organizations. The entities provide services that include support for the homeless, disabled, people with mental health issues, and those reentering society after incarceration.

  • The letter says the funding is necessary to address a $461 million shortfall brought on by years of underfunding
  • The COVID-19 pandemic has created further stress, with several nonprofits saying financial support is necessary to ensure their survival
  • Board members also say the state is in a good position to support nonprofits due to a projected budget surplus and a healthy rainy day fund
  • A variety of professionals sign the letter, including business owners, bank officers, community leaders, financial service advisors

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