Senator Shallenburger attempts to stop buried loan deal

  • Kansas Senate Vice President Tim Shallenburger, R-Baxter Springs, failed to convince Senate colleagues to block a proposal to use state tax dollars to make a $50 million low-interest loan to Yingling Aviation, a Wichita company controlled by a Florida venture capital firm. (Photo by Sherman Smith/Kansas Reflector)
    Kansas Senate Vice President Tim Shallenburger, R-Baxter Springs, failed to convince Senate colleagues to block a proposal to use state tax dollars to make a $50 million low-interest loan to Yingling Aviation, a Wichita company controlled by a Florida venture capital firm. (Photo by Sherman Smith/Kansas Reflector)

    The Kansas Senate engaged in protracted debate on a budget provision using state tax dollars for a $50 million low-interest loan to owners of Yingling Aviation to finance expansion of the Wichita company’s aircraft painting business.

    The Senate narrowly defeated Tuesday a motion to block the deal with Yingling, an aviation maintenance, repair and overhaul company formerly known as Cessna Aviation. …