A track belt tensioning management system is provided for actively adjusting the tension on a track belt in response to the difference in linear output speed between a drive wheel and the track belt. This is accomplished by sensing the speeds of the drive wheel and the track belt and delivering the sensed signals to a controller which processes the signals and determines the difference in their respective linear output speeds. If the difference varies from a predetermined value, the controller directs appropriate signals to a hydraulic valve arrangement which controllably directs pressurized fluid to and from a hydraulic actuator arrangement to adjust the tension between the drive wheel and the track belt. The subject arrangement maintains sufficient frictional force between the drive wheel and the belt to control the slip therebetween as required while at the same time limiting the forces in order to reduce premature failures and/or wear on the track belt and other associated components.