In late 2013, when Rev. Frank J. Caggiano became the Fifth Bishop of Bridgeport, CT, he took over a diocese with 82 parishes, 38 schools and 410,000 Catholics, who make up 45% of the population. He also inherited almost $22 million in debt that had been racked up by the schools, even though the diocese, which covers most of Fairfield County, includes some of the world's wealthiest enclaves, housing a disproportionate number of billionaires and hedge fund titans.
In late 2013, when Rev. Frank J. Caggiano became the Fifth Bishop of Bridgeport, CT, he took over a diocese with 82 parishes, 38 schools and 410,000 Catholics, who make up 45% of the population. He also inherited almost $22 million in debt that had been racked up by the schools, even though the diocese, which covers most of Fairfield County, includes some of the world's wealthiest enclaves, housing a disproportionate number of billionaires and hedge fund titans.
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