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Collierville board approves FY2026 budget, tax rate and multiple contracts; several ordinance actions passed
Summary
At its June meeting the Collierville Board of Mayor and Aldermen approved the town's FY2026 operating and capital budget, set the 2025 municipal tax rate at $1.62, renewed a sewer-discharge discount agreement with Carrier Corporation, and approved multiple capital project contracts and fee-schedule changes.
The Collierville Board of Mayor and Aldermen on Monday approved the town's fiscal year 2026 operating and capital budgets, set the municipal tax rate for tax year 2025 at $1.62 per $100 of assessed value, and approved a series of contracts and ordinance actions, the board said during a meeting at Collierville Town Hall.
The board voted to adopt Resolution 2025-26 to approve the FY2026 operating budget, capital improvement program and the school budget as presented by Town Administrator Molly Maynor; the total town budget shown to the board was $133,900,000, and the Collierville Schools budget was shown at $143,000,000. Finance director Felisa Wells told the board the recommended municipal rate of $1.62 reflects an addition of 12 cents above the $1.50 certified tax rate required by state recalculation in a reappraisal year.
The budget presentation emphasized public safety, aging infrastructure, information-technology…
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