Quote:
Originally Posted by ownedbycats
Overdrive licensing fees will kill that pretty quickly, assuming they have one.
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I looked up their annual budget, it's $245,000. The 10 year "millage" as (apparently) they call it in Michigan (instead of a bond) would be about two and a half million dollars (I'm guessing). Apparently the old "millage" will fund the library through the first quarter of 2023, then there is $325,000 in reserves and the additional $265,000 raised in a GoFundMe campaign. So, despite the hyperbolic headlines, this library is not in imminent danger of closing.