The financial impacts from COVID on municipal libraries are just beginning to be felt, and leaders are rightly concerned over how to respond to a delay and loss of revenues. Most libraries rely on some combination of four main revenue sources: property tax, state grants, sales taxes and fee income. What can libraries do to plan ahead, and what reasonable assumptions can be made at this point so that the impact is managed as well as possible?
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About the presenter: Meristem Advisors was founded on the principle that clients want and deserve meaningful dialogue with their municipal advisors. Meristem provides traditional bond financing services, but also is available on a consulting basis for financial planning, capital planning, budgeting and revenue forecasting. The hallmark of Meristem Advisors is clear, understandable, and actionable communication with clients and their governing boards. James ("Jamie") Rachlin is the founder and President of Meristem Advisors and was a public finance banker for 25 years.