Dublin archdiocese nears financial crisis
August 17, 2011
Shaken by the sex-abuse scandal and suffering from a sharp drop in Mass attendance, the Dublin archdiocese is near a “state of financial collapse,” according to a leaked internal document.
Declining weekly collections have caused budget shortfalls for many parishes, according to a study for the Council of Priests. The archdiocese has been forced to subsidize these parishes, at the same time that its own finances are stretched by sex-abuse settlements.
The archdiocese has frozen the salaries of lay employees, cut pension contributions, and reduced priests’ salaries in order to trim expenses. But archdiocesan officials still see an urgent need to raise revenues in order to balance the budget.