MASSACHUSETTS
WBUR
By Monica Brady-Myerov
BOSTON — The Roman Catholic Archdiocese of Boston says it’s no longer in “financial freefall.”
The finances of the archdiocese have stabilized, according to its annual report released Thursday. The church has a balanced budget and its assets have increased $31 million to $563 million. The increase is due primarily to investments.
Church collections increased 3 percent last year and the enrollment decline in Catholic schools has slowed to its lowest rate in 10 years.
The archdiocese also reports it spent $1.7 million last year to settle 23 legal claims arising from sexual abuse by clergy. The money came from real estate property sales, rental income and insurance funds.
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