Stand Firm: TEC suffers a 3.8 million dollar budget deficit

TEC has suffered a 3.8 million dollar budget deficit since June of 2006. This is due to both increased legal expenses and decreased diocesan pledges.

A serious budget deficit was revealed at today's meeting of the Executive Council of TEC. The budget briefing given by Kurt Barnes is in the following PDF:The General Convention Budget 2007-2009

For reference, here is a link to the original budget, approved by General Convention in June.

Comments at Stand Firm

The Living Church: Council Considers Proposals to Address Anticipated $3.8 Million Deficit