The Van Buren City Council moved closer to funding a one-cent tax hike for a wide range of city improvements Monday night (March 19) at the regularly scheduled meeting. By a unanimous vote, the City Council members chose Stephens, Inc., as the underwriter for the sales tax increase that would build new police and fire stations as well as a “senior inn.”
The tax, which would require voter approval, would also fund park improvements.
The one-cent tax would fund approximately $10 million in new bonds. The new police station is expected to cost $3.5 million, while the fire station will run $2.5 million, Van Buren Mayor Bob Freeman estimates. Click here to read the full story from our partners at TheCityWire.com.
