Louisiana UMC bishop sees huge money toll
Hutchinson told United Methodist News Service that in a worst-case scenario the state conference of more than 90 churches will have to pay out $1.1 million. “That is a huge undertaking which the conference does not have in reserve funds,” he said. He predicted a $700,000 shortfall for the rest of this year and probably an added $1.7 million deficit in 2006.
The third large problem is the cost of insurance deductibles for church property in New Orleans Parish, which is valued at more than $100 million. Complicating the dilemma, the news service reported, is that many district records were destroyed in the flood caused by Hurricane Katrina.
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