The multimillion-dollar upgrade is the first time in more than 100 years this library has received a significant expansion or renovation.
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Mayor Craig Greenberg delivered the annual address Thursday morning at the Rotary Club of Louisville.
The public meeting will be held from 6-7:30 p.m. at the library on Northwestern Parkway.
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The current budget plan would create two new branches and renovate another.
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The budget amendment also includes more money to help the homeless and the city's library system.