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Oklahoma Town Faces 75% Property Tax Hike To Cover Sexual Abuse Settlement (www.newsweek.com)

submitted 2 weeks ago by throws_lemy@reddthat.com to c/nottheonion@lemmy.world

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[–] aramis87@fedia.io 98 points 2 weeks ago (11 children)

The amount set a new record for abuse cases against school districts in Oklahoma, topping a $5-million settlement reached by Kingfisher Public Schools in 2023. [...] the district paid $500,000 from the school’s general fund toward the settlement, while their liability insurance paid $1 million.

Sounds like they were under-insured. The Catholic Church got away with it by having their insurance pay everything, and then declaring bankruptcy whenever someone went against the Church's actual assets.

[–] bizarroland@lemmy.world 46 points 2 weeks ago (7 children)

Which is such bullshit because I remember reading in the early 2000s that the Catholic Church had over $4 trillion in assets, they could afford to settle all of their claims for a fraction of that, a very small fraction of that, less than 1% of that.

[–] MangoCats@feddit.it 32 points 2 weeks ago

You don't get $4T in assets by giving it away to every altar boy who tattles...

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