DeSantis dissolves Disney's Reedy Creek district. What it means for Florida counties, taxpayers [View all]
Gov. Ron DeSantis and the Florida Legislature's actions to start the clock on dissolving a special self-governance district created for The Walt Disney Co. in 1967 could have dramatic impacts for two Orlando-area counties and their taxpayers.
The 38.5-square-mile Reedy Creek Improvement District gave Disney significant control of its property surrounding its Walt Disney World complex in Orange and Osceola counties. Reedy Creek, for example, oversees public safety for Disney, as well as upkeep of roads and other infrastructure like water treatment and building inspections. Dissolving Reedy Creek is equivalent to dissolving a city.
What could this mean for taxpayers?
It could mean big tax increases for residents of Orange and Osceola counties, as taxpayers would suddenly have to pick up the costs of everything from fire protection to road maintenance within Disney property.
Orange County Tax Collector Scott Randolph tweeted that if Reedy Creek is gone, so is the $105 million Disney collects from itself annually to operate those services.
https://www.yahoo.com/news/desantis-dissolves-disney-reedy-creek-100040635.html
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