Collierville reports $2M tax revenue and plans budget balancing with reserves

The Collierville Board of Mayor and Aldermen meeting on May 27, 2025, focused on the town's municipal tax revenue and budget projections for the upcoming fiscal year. Town officials reported a municipal tax revenue of $2,000,005.82, which is a crucial component of the town's financial planning.

In addition to the tax revenue, the board discussed the use of approximately $6,900,000 from reserves to balance the budget. This decision highlights the town's approach to managing its finances amid changing economic conditions.

A significant point of discussion was the projected enrollment figures for local schools. Officials noted that they are implementing a new technology tool to forecast enrollment, marking the first year of its use. They expressed caution, indicating that the actual enrollment numbers will be closely monitored in the fall to assess the accuracy of the projections.

Overall, the meeting underscored the town's commitment to fiscal responsibility while adapting to new technologies for planning and decision-making. The board will continue to evaluate these financial strategies as they move forward.