YES "First, the current millage rate has for years generated considerably more than the library system could prudently spend, resulting in a reserve fund of at least $15 million — almost the size of the library’s annual budget. Though rainy-day funds are undoubtedly a good thing, carrying nearly a year’s worth of surplus is not the norm amongst city agencies. It also means there’s room for cuts, which will help offset steep reductions in other areas of the budget.
 

Second, according to city officials, city agencies will see an average of 29.8% in cuts as a result of the pandemic. The change to the library millage, on the other hand, will result in a 6.7% reduction to the overall library operating budget in 2021, and will not effect a second millage which provides significant dedicated funding to the system.

...Finally, the change in the millage will also result in the creation of dedicated funding for early education programs, which currently have no such source of money. "