An article in Thursday’s edition about the June 26 public vote on the Olean Public Library’s operating budget and a proposed bond issue for an expansion project included an incorrect figure on property-tax impact.

The article incorrectly stated that a proposed 30-year bond issuance to fund a $7.9 million expansion at the library would, on a property assessed at $75,000, result in a total tax increase of $65 per month.

Correctly, an approved bond issue would result in about a $5.40 per month increase on property taxes on a parcel assessed at $75,000, or $65 per year. The tax increase to pay for the bond issue, if approved by voters, would take effect in 2027.

The proposed project would add 7,500 square feet to the library building at North Second and Laurens streets, including a partial second story that will house a “maker space” and a separate reading lounge. The current library building, a former grocery store where renovations began in 1973, occupies about 19,000 square feet, nearly double the 10,000-square-foot former Andrew Carnegie-funded library building on South Union Street.

A public presentation featuring floor plans and renderings, and the opportunity to ask questions of the architect and library officials, will be held in the Gallery at the library at 11 a.m. Saturday.

Voting on the library’s annual operating budget, the bond issue for the expansion project and to fill one open seat on the library’s board of directors is set for 9 a.m. to 8 p.m. June 26 at the library.