Merger would benefit Columbus
To the editor: The Diocese of Steubenville has posted on its website the latest financial audit for the year ending June 30. Net assets at the end of the year were $15,227,738. This was an increase of $2,378,052 over the previous year ending June 30, 2023. The increase in net assets could have been more if not for a $60,000 legal settlement expense and a refund of $436,817 for restricted contributions for the cathedral project. Does this appear to be a diocese in a financial downward spiral that former Bishop Jeffrey Monforton told his priests and members of the diocese in October ...