Wednesday, January 16, 2013

Why Not Let the Synod Subsidize Professors' Salaries?



bruce-church (https://bruce-church.myopenid.com/) has left a new comment on your post "The Lutheran Church - Missouri Synod - Synod Board...":

More on how Harrison wants CUS to assume its own debt, or somehow he wants the LCMS to pay it off via a special offering:

http://steadfastlutherans.org/?p=25787&cpage=1

I thought that when the CUS (version 1.0) was originally introduced, the primary purpose was to provide a funding mechanism for capitalization of the schools and the system. I’d say that the synod “got taken to the cleaners” on that promise. Proper capitalization of the CUS and “living within its means” are way overdue.


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http://reporter.lcms.org/pages/rpage.asp?NavID=20511

In FY 2012, about 17 percent of all Synod's unrestricted resources were "granted" to CUS Inc. to pay the principal and interest due on this historic CUS debt. If it could be eliminated, several million dollars would be available to The LCMS Inc. each year to respond to the challenges in mission and ministry that our Lord places before us.



Cleansing the Temple is long overdue.