The governor of Florida has signed a bill to remove self-government from Disney World. Here’s what that means

Florida Governor Ron DeSantis on Friday signed a bill to dissolve the private government of Walt Disney World after the entertainment giant criticized a measure that critics dubbed the “Don’t Say Gay” law. Thursday. The law would eliminate the Reedy Creek Improvement District, as the 55-year-old Disney government is known, along with a handful of other similar districts by June 2023. The measure allows for the restoration of districts, leaving a possibility to renegotiate its future. The move could have huge tax implications for Disney, whose string of theme parks has turned Orlando into one of the world’s most popular tourist destinations, and serves to sour relations between the Republican-led government and a major political actor in the state. For DeSantis, the attack on Disney is his latest salvo in a culture war waged over politics such as race, gender and the coronavirus, battles that have turned him into one of the GOP’s most popular politicians. of the country and a likely 2024 presidential candidate. The dispute with Disney involves the company’s criticism of a new law banning instruction about sexual orientation and gender identity in kindergarten through ninth grade. year as well as instruction that is not “age or developmentally appropriate”. In March, Disney said it would suspend political donations in the state and added that it would in turn support organizations that oppose the new law. DeSantis and his fellow Republicans then lambasted Disney and defended the law as reasonable. “Disney and other woke corporations will no longer get away with peddling their unchecked pressure campaigns,” DeSantis wrote in a fundraising speech Wednesday. “If we’re going to hold the Democratic machine and its corporate watchdogs accountable, we need to unite now.” The bill DeSantis signed Friday would eliminate the Reedy Creek Improvement District, as the Disney government is known, along with a handful of other similar districts by June 2023. The measure allows for the reinstatement of the districts, leaving the possibility of renegotiating his future. whether they should absorb Disney bond debt – although those details are unclear. Tax implicationsHow could the dispute between Governor DeSantis and Disney affect taxpayers? Sister station WESH reports that this bill could mean a huge tax hike for residents of Orange County. mentioned. “Orange County would be really stuck.” Just about everything Disney has, including its parks and hotels, is in the Reedy Creek District. Reedy Creek charges Disney more than $100 million a year. The money, in turn, is used for roads, fire stations and more. If Reedy Creek goes, Randolph says the tax money goes too. By law, Orange County will have to pay for everything Reedy Creek did before. all without any additional income,” Randolph said. And it gets worse. Reedy Creek has loans. Bonds to the tune of $58 million, and Orange County is responsible for that as well. The only thing more breathtaking than the whole situation is the tax hikes Randolph says people could experience. says the decision many believe was intended to punish Disney and also punishes the people of Orange County. Taxpayers in Osceola County also face the same dilemma. Disney is one of Florida’s largest private employers, saying last year it had more than 60,000 workers in the state. It is not immediately clear how the company or local governments around its properties would be affected if the district were disbanded. How Reedy Creek Formed Element in the company’s plans to build near Orlando in the 1960s. Company officials said they needed autonomy to plan a futuristic city with the park theme. The city never materialized, however; instead, it turned into an Epcot theme park.

Florida Governor Ron DeSantis on Friday signed a bill to dissolve the private government of Walt Disney World after the entertainment giant criticized a measure that critics dubbed the “Don’t Say Gay” law.

The bill passed the Florida House of Representatives on Thursday.

The law would eliminate the Reedy Creek Improvement District, as the 55-year-old Disney government is known, along with a handful of other similar districts by June 2023. The measure restores the districts, leaving an avenue to renegotiate their future.

The move could have huge tax implications for Disney, whose string of theme parks has turned Orlando into one of the world’s most popular tourist destinations, and serves to further sour relations between the Republican-led government and a major political actor in the state.

For DeSantis, the attack on Disney is his latest salvo in a culture war waged against policies such as race, gender and the coronavirus, battles that have made him one of the most popular GOP politicians in the country. and a likely 2024 presidential candidate.

Disney Dispute

The dispute with Disney involves the company’s criticism of a new law that bans teaching about sexual orientation and gender identity in kindergarten through third grade as well as teaching that is not “suitable for age or development.

In March, Disney announced it would suspend political donations in the state and added that it would in turn support organizations that oppose the new law. DeSantis and his fellow Republicans then lambasted Disney and defended the law as reasonable.

“Disney and other woke corporations will no longer get away with peddling their unchecked pressure campaigns,” DeSantis wrote at a fundraiser on Wednesday. “If we want the Democratic machine and its corporate lackeys to be held to account, we need to stick together now.”

The bill DeSantis signed Friday would eliminate the Reedy Creek Improvement District, as the Disney government is known, along with a handful of other similar districts by June 2023. The measure allows for the reinstatement of the districts, leaving an avenue to renegotiate his future.

Democrats slammed the proposal as a clear retaliation against the company and warned local landlords could be hit with big tax bills if they were to absorb Disney’s bond debt – though those details are unclear.

Tax implications

How could the dispute between Governor DeSantis and Disney affect taxpayers?

Sister station WESH reports that this bill could mean a huge tax hike for Orange County residents.

“It’s a huge amount of money,” said Orange County tax collector Scott Randolph. “Orange County would be really stuck.”

Just about everything Disney has, including its parks and hotels, is in the Reedy Creek District. Reedy Creek charges Disney more than $100 million a year. The money, in turn, is used for roads, fire stations and more. If Reedy Creek goes, Randolph says the tax money goes too.

By law, Orange County will have to pay for everything Reedy Creek used to do.

“It’s firefighting, sewage, electricity, street maintenance, road maintenance, all without any additional income,” Randolph said.

And it gets worse. Reedy Creek has loans. Bonds to the tune of $58 million, and Orange County is responsible for that as well. The only thing more breathtaking than the whole situation is the tax increases, according to Randolph, people might be facing.

“It will be a huge property tax increase for the rest of Orange County citizens. Probably 20 percent,” Randolph said.

So Randolph says the decision many believe was meant to punish Disney and also punishes the people of Orange County. Taxpayers in Osceola County also face the same dilemma.

Disney is one of Florida’s largest private employers, saying last year it had more than 60,000 workers in the state. It is not immediately clear how the company or local governments around its properties would be affected if the district were disbanded.

How Reedy Creek Was Formed

The creation of the Reedy Creek Improvement District and the control it gave Disney of 27,000 acres in Florida was a crucial element in the company’s construction projects near Orlando in the 1960s.

Company officials said they needed autonomy to plan a futuristic city with the theme park. The city never materialized, however; instead, it turned into an Epcot theme park.