(OSV News) — Cardinal Timothy M. Dolan announced Dec. 8 that the Archdiocese of New York would be entering into mediation and taking steps to raise more than $300 million for sexual abuse settlements.
“We have made a series of very difficult financial decisions,” Cardinal Dolan said in a letter to his flock posted by the archdiocese’s online news outlet, The Good Newsroom.
Archdiocesan operating budget
Those decisions include reducing the archdiocese’s operating budget 10% by laying off staff and selling several properties including the archdiocese’s former headquarters in Manhattan. The cardinal said the archdiocese is working toward finalizing the reported $100 million sale of the building on First Avenue and the other properties.
The archdiocese confirmed to OSV News Dec. 9 that the money raised would go toward settlements with the 1,300 outstanding claims made by people who have said they were sexually abused by…
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