All eyes in Boston on the Archdiocese’s financial report: Here’s the Boston Globe today:

O’Malley repeatedly made clear that change is necessary, saying, ”Our revenue is inadequate to fund our ministries." He has set up a number of committees to review archdiocesan operations, and many cuts in personnel and programs are expected.

O’Malley, cloaked in the brown hooded habit that distinguishes him as a Capuchin friar and the red zucchetto that signifies his status as a cardinal, sounded a hopeful tone, saying, ”We will find the way forward." The archdiocese plans to cut about 50 of about 500 positions in central administration, and about $4.5 million in other spending next year. It also plans to reduce the size of the cardinal’s Cabinet, from 12 people to eight, and to regionalize the delivery of many services. The report did not offer savings figures for those measures.

”The central administration of the archdiocese is not sustainable in its current form," Chancellor David W. Smith wrote in an introduction to the report. ”While we do have liquidity, we have little left to sell, and we are faced with substantial obligations."

Here’s the very complete page at the Archdiocesan website related to finances.