MINNESOTA
KEYC
By Mitch Keegan, Anchor, KEYC News
The Archdiocese of St. Paul and Minneapolis is reporting a $9.1 million operating deficit for fiscal year 2014 and says it’s considering filing for bankruptcy.
The archdiocese says the deficit can be partly attributed to $4.1 million spent to address allegations of clergy sexual abuse.
The archdiocese’s CFO say the archdiocese’s financial condition has become more uncertain due to potential liability from lawsuits. It’s unknown how many more may be filed before the three-year window to pursue abuse claims expires.
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