The Archdiocese of New York is taking steps to compensate hundreds of victims who allege they were sexually abused.
The church says it is raising $300 million and has named a mediator to help reach a settlement with accusers.
How the Archdiocese of New York plans to raise $300 million
In a letter Monday, Cardinal Timothy Dolan announced the Archdiocese of New York is making a series of difficult financial decisions to raise enough money to cover settlements for roughly 1,300 outstanding claims by victims of sex abuse.
Actions include laying off staff, reducing the operating budget by 10%, and finalizing the sale of real estate assets, which include the archdiocesan headquarters on First Avenue in Manhattan, to raise the necessary funds.
In a statement, Cardinal Dolan wrote, “As we have repeatedly acknowledged, the sexual abuse of minors long ago has brought shame upon our…
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