Sydney’s finances tighten further
Posted: 13 Oct 2010 @ 00:00
by Muriel Porter Australia Correspondent
THE financial position of the diocese of Sydney has worsened over the past year, the Archbishop, Dr Peter Jensen, said in his presidential address to the opening session of the annual diocesan synod this week.
The amount available to the diocese each year for the future will be almost half of the already significantly reduced amount that was available this year, he said. Only about $AU4 million will be available from the diocesan endowment funds, instead of the $AU7.5 ...
If you have a valid subscription to Church Times, please log inlog in
to view this content. If you require a subscription, please click here