The actors guild was able to put on a spectacular theatrical production this is truly impressive since the guild operates on a shoestring what is the meaning of the expression on a shoestring? Out of the public eye, up on a tightrope,with very little money

The expression "on a shoestring" means to operate with very little money or resources. In this context, it means that the actors guild was able to put on a spectacular theatrical production despite having limited financial resources.