Thursday, April 20, 2006

Boston Archdiocese Opens Financial Records - New York Times

Boston Archdiocese Opens Financial Records - New York Times: "The reports show that the archdiocese has a $46 million deficit, the largest any diocese has ever had, according to two national experts on church finances."

I have no doubt Cardinal Cushing is flipping over and over in his grave, like a whirling dervish. Isn't this where the new bishop for the Diocese of Cleveland came from?

"The biggest liability was $135 million in unfunded pensions for clergymen, Mr. McCarthy said."

Read the entire article, read what they've already sold off to get as solvent as they are. Reserve judgment until later.

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