Archbishop Chaput said that the archdiocese has paid for its ministries with growing deficits for many years .
"These serious deficits have then been made whole with the sale of assets or the drawing down of investments. This is sometimes necessary in an emergency. But it can't be justified or sustained as a normal way of operating," he said in his weekly column at CatholicPhilly.com.
The archbishop said that even with the adjustments the archdiocese's budget in fiscal year 2013 will face a deficit over $5 million. He has asked the archdiocese's financial staff and the Archdiocesan Finance Council to "do everything required by best business standards" to balance the budget by 2014.
With the closing of the one-time weekly The Catholic Standard and Times, which became a monthly last year, CatholicPhilly.com will continue to serve as the archdiocese's official news outlet. A reduced staff will publish Catholic news, commentary and information.
Programs that will be completely eliminated include Camp Overbrook, a summer camp for poor children, and the Saint Peter Claver Center for Evangelization, which served black Catholics. The Catholic Institute for Evangelization site will close and the institute will continue its work in another form.
The archdiocese's youth office will merge with the Catholic education office and the catechetical formation office, while Hispanic ministry programs will merge into the Office for Hispanic Catholics.