(ENS) Income during the 2010-2012 triennium could be $9 million less than forecast last January, when a draft churchwide budget was approved, according to the chair of the Episcopal Church’s budgetary committee.
Pan Adams-McCaslin, chair of the Joint Standing Committee on Program, Budget and Finance (PB&F), said in a June 24 interview that diocesan commitments during the next three years could be an estimated $7.7 million less and interest on the church’s endowment funds is projected to be $1.3 million less.
The diocesan figure is an estimate based on an on-going survey of bishops and diocesan financial officers, she said. They have been asked how realistic it is to assume that they could fulfill the Executive Council’s predicted one percent increase in diocesan income in 2010 and two percent increases in both 2011 and 2012.
Good. May it be so. It’s comforting that there will be less money available for lawsuits. But then, less important programs will be cannibalized in order to fund them. Like Youth and Young Adults was.