DECATUR-City council voted unanimously
to give the library a zero percent interest loan to keep it afloat.
Currently the library is running a 142-thousand dollar deficit. And
their operating budget is roughly 300 thousand each month.
Council has authorized a loan of about
750-thousand dollars to help the library meet its payroll and
operating expenses. It will keep the library up and running until
the library gets its tax money.
As a condition of the loan the library
has to present a plan to fix it's budget problems.
Many on council expressing the need to
make deep cuts to make ends meet.
"I think that the board members
are going to have to make some very, very serious cuts," says Mayor
Mike McElroy. "The most expensive thing that you have, in any
business, is people. Nobody wants to cut people."
But multiple council members say cuts
in staff will be likely to keep doors open. The library is expected
to pay back the loan in a lump sum when it receives its tax receipts
They have until September 1st
to come up with a plan.