Interesting facts from the Commission on Structure hearing this morning. 84 out of 111 dioceses have operating budgets of less than $2,000,000. That amount has to fund all of the diocesan staff positions, serve for debt reduction and maintenance on all diocesan property and accommodate all diocesan functions and expenses. That means that 3/4 of the bishops deal with diocesan budgets smaller than several of the larger Episcopal churches in Dallas.
Compare that to the $8.7 million it will cost this year to maintain and service debt reduction on the national headquarters at 815 Second Avenue in New York City. In the first meaningful vote of this Convention, the House of Deputies yesterday voted to sell 815. When this vote was announced at the press briefing, there was an audible gasp in the room. This Convention is not “business as usual.” The outstanding loan on 815 is $37 million and I would guess that the penthouse apartment with terraces and views of the United Nations building will sell for $18 million alone. Anyone need prime office space in New York City? Call me! I can make a good deal for you.