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Mesa City Treasurer outlines plan to refinance $225 million in utility debt, seek $61 million in GO bonds and $341 million in utility obligations
Summary
City Treasurer Mark Huit told the Mesa City Council study session the 2026 financing plan would refinance roughly $225 million of utility bonds (saving an estimated $13.6 million), issue $61 million in general obligation bonds for parks, public safety and transportation, and seek $341 million in utility obligations split between growth and non-growth projects.
City Treasurer Mark Huit presented the city's 2026 financing plan at a Mesa City Council study session, saying the package would refinance about $225 million of earlier utility bonds and propose two new issuances: roughly $61 million in general obligation (GO) bonds and about $341 million in utility revenue obligations.
Huit said the refinancing target covers bonds issued between 2013 and 2016 and would yield an estimated $13.6 million in total savings, representing a net-present-value savings of roughly 4.2%—above the city's 3% threshold for refinancing. "We are looking to refinance approximately 225 million of utility bonds that…
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