Collierville holds public hearing on FY2025-26 town and schools budgets; vote set for June 9

Collierville officials presented the proposed fiscal year 2025-26 budgets for the town and Collierville Schools during a public hearing; the Board of Mayor and Aldermen will consider adopting the budgets at its June 9 meeting. No vote was taken at the hearing.

Collierville Schools Director of Schools Dr. Russell Dyer summarized the school board's approved budget, saying the school system planned a cost-of-living increase of 3% for all employees and a step increase for eligible staff. The district would add a new step 20 to the teacher pay schedule to benefit long-tenured teachers and proposes a mid-year bonus program that includes a $2,000 portion funded by state dollars and a $500 bonus for other eligible employees; substitute teachers would be eligible for a $250 bonus.

The school budget presented totaled $132,351,973, according to Dr. Dyer. He said the budget included an additional $6,224,491 for teacher salaries and benefits compared with the prior year and projected K-12 enrollment of 9,509 students…