The final subsidy payment from the City of Peru to the Peru Public Library is this month’s.
The city had been paying the library a monthly subsidy but this month’s $14,000 payment will be the last. The payments are ending with the conclusion of the fiscal year.
The subsidy ends a couple of months before the library will receive their property tax payment, which will see a hefty increase thanks to $379,000 levy increase.
At first, alderman Tony Ferrari didn’t like the idea of ending the subsidy with April.
Alderman Ron Wren says the budget the library submitted to the city didn’t include it. In the end, the vote Wednesday night to end the subsidy was unanimous.