Diocese of Vermont faces “financial cliff” warns bishop
August 3, 2021
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[The financial] assessment revealed that a “financial cliff is on the horizon.” In his report, which was submitted to me and presented to Diocesan Council on June 16, Mr. Burnett wrote, “The Bishop envisioned financial shortfalls early on in her ministry, and we can reaffirm that there is, in fact, trouble ahead, likely in the first quarter of 2023, where, without intervention, expenditures will far exceed revenues.”
