The Collierville Board of Mayor and Aldermen officially adopted the Town's Annual Budget for Fiscal Year 2026-2027 (FY27) on June 8, 2026. While the Town's property tax rate will remain completely unchanged at $1.62 per $100 of assessed value, this year’s budget includes specific municipal fees to directly fund vital infrastructure and community services. 

To ensure Collierville can combat inflation, maintain aging infrastructure, and keep pace with the rising costs of doing business, residents will see the following adjustments effective July 1, 2026: 

New Street Infrastructure Maintenance Fee
A $5 per month street infrastructure fee is introduced in the budget this year. 100% of these dedicated funds will be used for local street paving, allowing the Town to pave an additional 11 lane miles of roads annually. 

Street paving remains one of the most requested items from Collierville residents. For street paving, the General Fund includes $3,001,759 ($1,039,500 from new fee). State Street Aid covers $1,361,741 ($324,000 is for ADA improvements). This brings the total street paving budget to $4,363,500.

Sanitation Rate Adjustment
The monthly solid waste collection fee is increasing by $5, moving from $27 to a new rate of $32 per month. This adjustment sustains crucial day-to-day operations like automated garbage pickup and seasonal leaf removal. 

Continued Water and Sewer Schedule
As part of a long-term utility rate plan implemented four years ago to slowly upgrade the Town's aging infrastructure over time, water and sewer rates will adjust this year. For an average customer using 7,000 gallons annually, the monthly impact will be an increase of $1.56. 

In alignment with Tennessee State statute requiring a balanced budget, these targeted revenue adjustments allow the Town to successfully fund core operations without raising property taxes. 

Where Your Tax Dollars Go

The FY27 budget prioritizes core community needs; focusing on public safety, neighborhood infrastructure, and town personnel. Key expenditure areas include: 

• Public Safety ($42.4 Million): Accounting for 47% of General Fund expenditures, this fully funds our Police Department, Fire and Rescue operations, Ambulance Service, Municipal Court, and Animal Services. 
• Employee Recruitment and Retention: To ensure Collierville retains high-quality staff, the budget includes a 3% salary increase for full-time and part-time town employees. It also adds two holidays and one personal day, adjusts vacation accrual rates, and fully funds all required pension and OPEB retirement contributions. 
• Capital Improvement Projects ($15.5 Million): Major physical infrastructure investments scheduled for the upcoming fiscal year include: 
  • Wolf River Blvd Trail & Sidewalk Improvements ($3.47M)
  • Downtown Drainage Phase V upgrades ($1.62M) 
  • Town Hall roof replacement ($950k) 
  • Town-wide network infrastructure and data center upgrades ($2.92M) 
  • Burrows Road water and sewer improvements ($1.025M) 
  • Targeted sewer basin rehabilitation ($1.0M) 
  • Tom Brooks Park Phase III improvements ($373k)
    
    

Overall Budget Snapshot

Looking at the broader financial blueprint, the Town's projected General Fund Revenue for FY27 totals $95,046,564. This total revenue is carefully structured to support multiple facets of our community:

• $84,940,417 is allocated directly to Town Operations
• $7,126,305 is dedicated to School Support (which funds critical items like School Resource Officers, crossing guards, and school debt service)
• $2,979,842 is set aside for other restricted allocations, including grants and law enforcement. 

The total General Fund Expenditures are projected at $89,868,903, demonstrating Collierville's continued commitment to fiscal responsibility and a balanced budget by July 1.