Tuesday, November 24, 2015
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Diocese in need of reforms to ease financial crunch
The Roman Catholic Diocese of Toledo “has several serious financial challenges” that will require it to sell assets and make financial reforms, Bishop Daniel Thomas wrote in a letter to parishioners. Bishop Thomas did not include specific figures in the letter that warned of financial difficulties, though he said his review of finances had shown the diocese had used “deficit spending for years” and had “insufficient unrestricted cash balances.”
5 hours ago

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