Facing continued drops in membership and a shrinking budget, the Presbyterian Church (U.S.A.) is offering severance packages to about 30 employees at its Louisville headquarters ”” part of an effort to cut its budget by nearly one-fifth by 2012.
This impending round of cuts is just the latest in a series over the past decade as the denomination attempts to cope with losses in membership, congregations and, more recently, investment returns.
“We are seeking to reduce our expenses in order to come into line with our revenue projections, as a matter of good stewardship,” said a statement from Linda Valentine, executive director of the General Assembly Mission Council, which oversees most of the denomination’s programming and Louisville workforce.
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Hit by economy, Presbyterian council plans further cuts
Facing continued drops in membership and a shrinking budget, the Presbyterian Church (U.S.A.) is offering severance packages to about 30 employees at its Louisville headquarters ”” part of an effort to cut its budget by nearly one-fifth by 2012.
This impending round of cuts is just the latest in a series over the past decade as the denomination attempts to cope with losses in membership, congregations and, more recently, investment returns.
“We are seeking to reduce our expenses in order to come into line with our revenue projections, as a matter of good stewardship,” said a statement from Linda Valentine, executive director of the General Assembly Mission Council, which oversees most of the denomination’s programming and Louisville workforce.
Read it all.