By Peter Madrid for Arizona Builder’s Exchange
The City of Mesa’s Capital Improvement Program (CIP) budget for fiscal year 2016-17 will be the biggest over the next five years ($316M) as the Southeast Valley city adds major projects to its infrastructure construction plans.
Major projects added with the new 5-year CIP include a permanent household hazardous waste facility, $3.1M, design FY 16/17, construction FY 17/18; Red Mountain Multi-Generational Center improvements, $850,000, construction FY 16/17; Elliot Road transportation corridor, $17.2M, design FY 16/17, construction FY 17/18; and a South Canal share use plan (consolidated canal to McDowell Road), $2.6M, design FY 16/17, construction FY 17/18.
The 5-year CIP through FY 20/21 is budgeted at $1.363B.
Mesa will not be pursuing any new bond authorizations in 2016. It currently utilizes operating funds including sales tax, state shared revenues, and grants. The majority of the city’s capital projects are completed using general obligation and utility revenue bond funding.
The remaining general obligation bonds will be spent in the next 1-2 years. However, the overall budget will remain close to $300M as many of the projects that are funded with utility revenue bonds approved by voters in 2014 will be in design and construction over the next 5 years. The majority of the funding for utilities is for the new Signal Butte Water Treatment Plant and expansion of the Greenfield Water Reclamation Plant.