From ENS-The Episcopal Church’s Executive Council on Jan. 24 approved a $133.7 million draft budget for the 2019-2021 triennium that is based on requiring Episcopal Church dioceses to contribute annually 15 percent of their operating income.
The budget, which is essentially balanced, with a small surplus of just $2,654, is far from final. It must eventually be approved by General Convention when it meets in Austin, Texas, July 5-13. It will no doubt undergo some changes between now and then.
The budget is based on an anticipated $133.7 million in revenue to pay for an equal amount in expenses. The triennial budget is up about $8.7 million from that approved by the 2015 meeting of General Convention for the current 2016-2018 triennium.
More here-
https://www.episcopalnewsservice.org/2018/01/24/council-proposes-balanced-draft-budget-with-133-7-million-price-tag-for-next-three-years/
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