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?
1 out of the public eye
2 up on a tightrope
3 with very itle money

3. with very little money

The expression "on a shoestring" means to operate with a very limited budget or using very few resources. In this context, it highlights the impressive feat of the actors' guild being able to put on a spectacular theatrical production despite operating with minimal financial resources.