Collierville's Board of Mayor and Aldermen took a significant step towards fiscal responsibility by approving the proposed Fiscal Year 2026 operating budget during their meeting on June 9, 2025. Town Administrator Molly Maynor presented a budget that emphasizes essential needs while addressing critical community issues such as safety, aging infrastructure, and employee retention.

The approved budget totals $133.9 million, which includes a $143 million allocation for Collierville schools, bringing the grand total to $277 million. Key highlights of the budget include a 5% wage increase for town employees, funding for the expansion of fire administration, and continued investments in network infrastructure.

Maynor noted that the budget reflects adjustments made since the public hearing on May 27, including a $20,561 increase in general fund expenditures. The budget also outlines a capital investment program of over $14 million, which will support various projects, including upgrades to the town's network infrastructure and the construction of a new library.

In addition to these initiatives, the budget addresses the need for repairs to the Holmes Road bridge, which was recently closed following a TDOT inspection. The engineering staff has identified a solution to expedite the reopening of this vital infrastructure.

The budget's focus on maintaining safety and improving infrastructure comes at a time when inflation and rising costs are pressing concerns for the community. The board's commitment to these priorities signals a proactive approach to managing Collierville's growth and ensuring the well-being of its residents.

As the town moves forward with the approved budget, further discussions will be held regarding specific projects, such as the design of sidewalks on Winchester, ensuring that community input continues to shape the town's development.