06/14/2026
Collierville's new fiscal year 2027 budget...in case you were wondering!
The Board of Mayor and Aldermen officially adopted the Town’s Annual Budget for Fiscal Year 2026-2027. We are proud to share that Collierville’s property tax rate will remain completely unchanged at $1.62 per $100 of assessed value!
To combat ongoing inflation, maintain our aging infrastructure, and fund vital community services, the budget balances core operations with three fee updates starting July 1, 2026:
1. New Street Infrastructure Maintenance Fee:
A $5/month street infrastructure fee is being introduced. 100% of these dedicated funds go directly toward local street paving allowing us to pave an additional 11 lane miles of neighborhood roads annually.
With the new fee contributing $1,039,500, our General Fund paving investment rises to $3,001,759. Combined with $1,361,741 from State Street Aid (which includes $324,000 for ADA improvements), Collierville’s total street paving budget is a $4,363,500 this year!
2. Sanitation Rate Adjustment:
To sustain essential daily operations like automated garbage pickup and seasonal leaf removal, the solid waste fee is adjusting by $5 to a new rate of $32/month.
3. Continued Water & Sewer Schedule:
As part of our long-term utility plan implemented four years ago to gradually upgrade aging infrastructure, water and sewer rates will see a planned adjustment. For an average customer using 7,000 gallons annually, the monthly impact will be an increase of $1.56.
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Where do your tax dollars go?
• Public Safety ($42.4 Million): Accounting for 47% of General Fund expenditures, this fully funds our Police, Fire & Rescue, Ambulance Service, Municipal Court, and Animal Services.
• Employee Recruitment and Retention: Includes a 3% salary increase for full-time and part-time town employees, adds two holidays and one personal day, and fully funds all required pension and OPEB retirement contributions.
• Capital Improvement Projects ($15.5 Million): Major infrastructure investments include the Wolf River Boulevard Trail & Sidewalk Improvements ($3.47M), Downtown Drainage Phase V ($1.62M), Town Hall roof replacement ($950k), and town-wide network infrastructure upgrades ($2.92M).
Overall Budget Snapshot:
Our projected General Fund Revenue totals $95,046,564 (with $84.9M directly powering Town Operations, $7.1M for School Support, and $2.9M for restricted allocations such as grants and law enforcement). Total General Fund Expenditures are projected at $89,868,903.
In alignment with state law, this balanced budget ensures Collierville remains a safe, vibrant, and well-maintained place to call home.
