Walker County Finances Improving; 2018 TAN Need Reduced by $2 Million

The Bank of LaFayette and First Volunteer Bank

In January 2017, Walker County faced an $8 million shortfall in operating expenses for the year. The county addressed the financial crisis through a series of moves to cut expenses, improve efficiencies and using $7.5 million of an $8 million line of credit, which was paid off early on December 22, 2017. This year, TAN’s are $2 million less than the amount authorized last year. Commissioner Whitfield aims to reduce the need for TAN’s by $2 million each year until the cycle is broken.