McPherson creates economic development fund, redirects 1 mill per kWh of BPU electric revenue into it
A companion ordinance sends 2.05 mills per kilowatt-hour of the municipal utility's net send-out sales to the city general fund.
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Become a subscriberMcPherson city commissioners adopted two ordinances Tuesday, Aug. 18, creating an Economic Development Fund and routing 1.00 mill per kilowatt-hour of Board of Public Utilities electric sales into it, retroactive to Nov. 4, 2025. Mayor James Loving signed both ordinances that day, City Clerk Leah Kawanguzi attested them, and the city published them Aug. 19.
A mill is one-tenth of a cent, so the economic development transfer works out to $0.001 for every kilowatt-hour sold, and the two transfers together come to 3.05 mills — about three-tenths of a cent — per kilowatt-hour of net system send-out, excluding sales to the interconnection.
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