Ron DeSantis Denies Florida Taxpayers Will Pay Off Disney's $1bn Debts

[Yo_Mama_Been_Loggin]

Florida Governor Ron DeSantis has denied that stripping Disney of its special privileges and tax breaks will mean local residents will have to foot a billion-dollar bill instead.

DeSantis signed a bill that revoked Disney's special tax district privileges and its ability to self-govern protected under the Reedy Creek Improvement District on April 22.

The move was in retaliation for Disney's objection to the governor-backed HB 1557, the legislation critics have dubbed the "Don't Say Gay" bill.

In a statement to shareholders, Reedy Creek Improvement District said the plan to dissolve the law permitting Disney to run as its own self-governing authority will not work as the 1967 legislation included a pledge by the state of Florida that it would not "impair the rights or remedies" of the holders until all its debts are cleared.

https://www.msn.com/en-us/money/news/ron-desantis-denies-florida-taxpayers-will-pay-off-disney-s-1bn-debts/ar-AAWIMde

[gratuitous]

1. Disney has some pretty good lawyers, Ron

You might want to check with any lawyers on the state payroll about what kind of financial exposure you just created. Just because you say it, doesn't make it so.

Coming this fall: Are Republicans really all that bent out of shape about government waste, fraud and abuse when it's incurred because some tinpot dictator had a tantrum?

[I_have_a_cat_bite]

2. Hmm.

Mexico going to pay for it?

[dchill]

3. I trust him on that. Don't you?

[TomSlick]

4. Don't mess with the Mouse. It has more and better lawyers.

Florida will likely be liable to the Reedy Creek bond holders.

[Baitball Blogger]

5. Ron DeSantis tries to counters Disney's rebuttal with a "Expelliarmus" charm.

Alas, it's too late. Someone had already struck Ron De Santis down with a Confundo curse.

[obamanut2012]

6. Well, he's wrong

It's there in black and white.

[nuxvomica]

7. If you read further, he expects Disney to pay it

He calls this a "wake-up call" to Disney for having "lost its way" on the ginned-up cultural battles of the GOP. Whether he prevails or not, and I think he's dumb enough not to, this should be a "wake-up call" to big business and their decades-long support of the party.

[MiniMe]

10. Why would Disney pay it if Florida broke the legislative deal?

DeSatan is out of his mind.

[getagrip_already]

8. It will end up at scofl......

The case will eventually end up in state Supreme Court where gop justices will make a decision.

Black and white will change over to red and ugly.

[Bluethroughu]

9. King Fori-duh man.

[Tickle]

11. One of the Disney executive

staff gave his resignation after only 3 months. He helped the CEO write the don’t say gay Response

Geof Morell is his name CNBC