Library officials blame falling tax revenue. They say they're trying to secure other funding including bank loans so it can reopen.
Public libraries in neighboring communities will honor Maywood library cards during the closure. Residents say they're disappointed.
"I feel so sad cause we always come with my kids to get books," Griselda Lopez said.
"It's hurting a lot of people, a lot of children," said Charlene Goss. "And children need a place to go."
"We're on the home stretch, but we still have a debt of $500,000 that must be retired," said library director Stan Huntington.
Huntington says the library needs $300,000 to operate until next spring. He says other libraries are experiencing similar problems.