Comptroller’s Office Said Van Buren Finances In Good Shape

Tennessee Comptroller’s Office Director of Communications said Tuesday’s decision against the Van Buren Wheel tax will not immediately affect the county.

Dunn said the county’s property tax will provide enough county revenue for the remainder of the year.

“Van Buren County implemented a property tax increase at that time, and it is that revenue that the county is really counting on to balance its budget,” Dunn said. “The wheel tax revenue would have essentially been icing on the cake.”

Dunn said Van Buren will have to reevaluate its financial picture later next year to determine which taxes it needs to sustain a government. Dunn said the comptroller’s office is pleased with how the county has handled this fiscal year thus far.

“We continue to monitor Van Buren County,” Dunn said. “We are still in regular contact with the county. We are pleased with the progress they have made. Of course, a budget document is only as good as your willingness to stick to it. So, we continue to encourage Van Buren County leaders and elected officials to stay in their budgeted amounts.”

The $40 increase would have been split evenly between the county and the Van Buren School System.