St. Paul Archdiocese Creates Plan for $40M Abuse Settlement
ST. PAUL, Minn. (AP) _ The Archdiocese of St. Paul and Minneapolis has charted a financial plan to pay its share of the $210 million settlement with 450 clergy abuse victims that's not covered by insurance.
Reports say the $40 million plan involves budget cuts, property sales and donations to help the church move forward from bankruptcy.
The plan includes the archdiocese paying out $5 million over five years, three Catholic high schools contributing $4 million and $3 million in voluntary contributions from nearly 200 of the archdiocese's parishes. An additional $8 million has been raised in land and asset sales. The archdiocese will also use money from a fund used to cover employee health care costs.
The archdiocese will present its final proposal to a bankruptcy judge within the next month.