Archdiocese Deficit Even Larger than Believed; Clergy-Laity Congress Set for Boston (Adds)

From the meeting of the Archdiocesan Council in New York. Shown are Metropolitan Savas of Pittsburgh, Methodios of Boston, Archbishop Demetrios of America, George Tsandikos, Metroplitan Alexios of Atlanta. Photo: GOA/Dimitrios Panagos

NEW YORK – The economic situation of the Greek Orthodox Archdiocese of America is much more serious than thought before. The National Herald has learned from within the recent meeting of the Archdiocesan Council that the deficit actually is $12.75 million.

The deficit includes a transfer of $4.75 million made from the restricted accountsof which $2.5 million was from St. Nicholas at Ground Zero rebuilding fund. The transfers were made to the Archdiocese’s general operating accounts, which violates is own regulations …

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