The Roman Catholic Archdiocese of New York, the second-largest diocese in the nation, has agreed to negotiate a settlement that will pay more than 1,300 people who said priests and lay staff members sexually abused them as children.
In a letter published on Dec. 8, Cardinal Timothy Dolan said the archdiocese was preparing to raise more than $300 million that will be used to provide compensation for survivors of sexual abuse. The cardinal said the archdiocese has made a "series of very difficult financial decisions" to fund the global settlement, including layoffs and a 10% reduction in its operating budget.
He added that the archdiocese was also working to finalize the sale of its assets, including the former archdiocesan headquarters in Manhattan and other real estate.
"As we have repeatedly acknowledged, the sexual abuse of minors long ago has brought shame upon our Church," Dolan wrote in the letter. "I once again ask forgiveness for the failing of those who betrayed the trust placed in them by failing to provide for the safety of our young people."