DeSantis’ office denies Disney move will increase Florida taxes 2022-04-28 17:01:00

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Florida Governor Ron DeSantis (R) spokeswoman said Thursday that residents will not be affected by the dispossession of the Disney Special Self-Government District.

The Reedy Creek Improvement District (RCID), where Disney is located, said ending its special status is illegal unless the state repays the area’s huge debt, According to CNN.

DeSantis spokeswoman Christina Buchou said the governor’s move, made in response to the company’s criticism of the state’s so-called “Don’t Say Jay” bill, won’t cost taxpayers money.

“Disney will pay its fair share of taxes. Florida residents, including those in Orange and Osceola counties, won’t be in trouble.” “Don’t fall in love with another partisan political lie that the media amplifies.”

DeSantis I signed the bill on Fridaysaying, “You are a company based in Burbank, California, and you will muster your economic power to attack parents in my state. … We consider it a provocation, and we will resist it.”

RCID has about $1 billion of outstanding bond debt, Credit Rating Agency Fitch Ratings mentioned.

“Fitch expects to transfer all property owned by RCID, including its indebtedness, to Orange County (and to a lesser extent, Osceola County) or a subsequent agency, as provided under Florida law,” The company wrote Last week in response to the new bill.

“If it were true that abolishing the Special Zone would give Disney a tax cut, and local taxpayers would be in trouble because this bailout would benefit Disney…why would Disney oppose scrapping their Special Zone?” Follow Buchou. “Indeed, why didn’t Disney push to get rid of the private zone long ago?”

Reedy Creek, established in 1967 and encompassing more than 27,000 acres in Florida, It was instrumental in Disney’s building plans near Orlando. Company officials said they needed independence to plan their own city and theme park.

Florida’s new law will prevent elementary school teachers from teaching subjects related to sexual orientation and gender identity. Teachers of all grade levels will be prohibited from teaching on those topics that are not “age-appropriate or developmentally appropriate” to their students.



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