Is the Library Getting any Money from the New York Rising Funds that the Village of Washingtonville is to Receive?

Is the Library Getting any Money from the New York Rising Funds that the Village of Washingtonville is to Receive?

Question & Answer, Week of February 2

Is the Library getting any money from the New York Rising Funds that the Village of Washingtonville is to Receive?
The Library has been informed that they should not expect to receive any New York Rising funds. The Village & Town of Blooming Grove are combining their NY Rising funds & using the combined monies for studies of the Moodna & developing flood mitigation projects. The Library is not expecting to receive any NY Rising funds. Should the Town & Village alter their plans for use of the money and the Library then receives any funds, this amount would be deducted from the amount the Library actually borrows. The bond amount of $6,922,000 sets the maximum amount the Library can borrow. Any $ acquired through grants, NY Rising monies or fundraising efforts will reduce the amount borrowed.

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