Senator Roger Marshall, US Senator for Kansas | Official U.S. House headshot
Senator Roger Marshall, US Senator for Kansas | Official U.S. House headshot
U.S. Senator Roger Marshall, alongside Kansas State Senators Michael Fagg and Rick Billinger, has announced significant savings for Kansas taxpayers. The reduction in federal debt payments is expected to save the state more than $41 million.
Senator Marshall expressed his satisfaction with the collaboration, stating, "I was honored to work with long-time friend, Senator Mike Fagg, to deliver important debt relief to Kansas taxpayers." He emphasized that this change would have a substantial financial impact on the state.
State Senator Mike Fagg also praised the cooperative effort of federal and state officials. "I'm excited and proud of how all of our federal and state officials worked together to guide this project through to a successful finish," he said. He noted that these savings would assist in addressing water challenges in Kansas.
State Senator Rick Billinger thanked several key figures for their roles in achieving this outcome. "I would like to thank Senator Roger Marshall for leading the way in the US Senate and making the forgiveness of the compounding interest his number one priority," he stated. Billinger also acknowledged contributions from Senator Jerry Moran, Representative Tracy Mann, Representatives Ron Estes and Sharice Davids, Governor Kelly, and Senator Mike Fagg.
The initiative stems from an agreement between Kansas and the U.S. Army Corps of Engineers (USACE) concerning water storage at 14 reservoirs within the state. Contracts related to Milford Lake and Perry Lake required compound interest payments dating back to agreements from the 1970s. Through efforts led by Senator Marshall within the 2024 Water Resource Development Act (WRDA), these payments were changed from compound interest to simple interest terms—resulting in substantial savings over time.
In 2022, similar changes were successfully implemented for El Dorado’s debt payment arrangements with USACE under Marshall's guidance after former mayor-turned-Senator Mike Fagg sought assistance for aligning statewide agreements accordingly.
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