Congresswoman Sharice Davids continues to be laser-focused on bringing costs down for Kansas families – this time, working to save taxpayers millions of dollars by proposing a change to water storage use in the state.
While the GOP majority has earned the title of the most unproductive Congress in modern history, Congresswoman Davids has remained committed to getting things done for hardworking families.
A potential change to federal water law involving two Kansas lakes and how interest is calculated could save the state’s taxpayers more than $41 million.
U.S. Rep. Sharice Davids, D-Kansas, announced Thursday that she had requested the change after hearing from Gov. Laura Kelly and the Kansas Water Office.
Kansas leases water from the federal government for storage use, but payments are typically based on compound interest. Davids’ proposal would change that to simple interest for the Milford and Perry contracts. That debt relief would save Kansas more than $41 million in total interest payments.
“My request to this year’s water resources bill would provide economic relief for our state and secure a more dependable and affordable water supply, a lifeline for communities across Kansas in the face of increasingly unpredictable weather patterns,” Davids said in a statement.
Kelly said in a statement that adjusting the interest rates will “benefit the communities and businesses depending on these reservoirs.”
“Paying off this debt secures a reliable, more affordable water supply for years to come, which is crucial as we continue to address Kansas’ water crisis,” Kelly said.
