Collierville board adopts $1.62 property tax rate; public hearing held on FY2027 budget with vote set for June 8

The Collierville Board of Mayor and Aldermen adopted a property tax rate of $1.62 per $100 of assessed value on second reading during its May 26 meeting and heard presentations on the proposed fiscal year 2027 operating and capital budgets.

During a public hearing on the tax rate, Revenue and Grants Manager Natasha Irby explained that the board had determined a $1.62 rate, along with other revenue sources, is adequate to support the FY2027 revenue budget. No members of the public spoke during the tax-rate hearing; the board moved to adopt the rate and recorded affirmative responses during roll call.

The board also received a public hearing presentation on the school system’s FY2027 budget from Anita Floyd (introduced at the meeting as ConocoPhillips’ finance director and presenting the board of education material). Floyd said projected student enrollment is 8,996, a decline driven largely by smaller kindergarten cohorts, and outlined a strategic plan called CS 2030. She said the district’s general fund totals slightly more than $127 million and noted federal special‑education funding levels are returning toward pre‑pandemic norms.

Town Administrator Melanie Meggers and finance staff then presented the town’s proposed FY2027 budget. Meggers said projected general fund revenue is $95.1 million and expenditures $89.5 million, leaving room for operating transfers and capital investment. The presentation listed the town’s priorities—public safety, aging infrastructure, employee recruitment and retention, and technology—and showed public safety consumes about 48% of the general fund. Major capital projects cited include Downtown Drainage Phase 5, Burrows Road water and sewer work, Tom Brooks Park improvements and town‑wide network upgrades; the capital investment program was presented at roughly $12 million.

Meggers and staff detailed proposed utility and service fee changes: the town’s water and sewer fund projects a $1.56 average monthly increase for a typical residential customer under the fourth year of an adopted rate schedule, and the sanitation fund proposal includes a $5 monthly increase (raising the monthly sanitation rate to $32). Staff said the sanitation fund’s projected ending balance would be $2.8 million. The presentation also noted a $3% salary increase for employees, two new holidays, an additional personal day and enhanced vacation accruals included in the draft budget.

Meggers emphasized the presentation was for public hearing only and that the board will consider and vote on the operating, capital and school budgets at its June 8 meeting; if approved then, the FY2027 budgets would take effect July 1.

Quotes "We are going into this with the knowledge of our enrollment decreasing," Anita Floyd said, summarizing the school budget outlook. "We humbly request your approval for these budgets."

Melanie Meggers said the budget advances priorities including public safety and infrastructure and described the proposed fee adjustments to sustain services and capital work.

What happens next The board will reconvene on June 8 to consider formal adoption of the operating, capital and school budgets. The tax rate adopted on May 26 would fund the FY2027 revenue budget if the budget is later approved as presented.

Sources and provenance This article is based on presentations and the roll-call adoption recorded during the Collierville Board of Mayor and Aldermen meeting on May 26, 2026.