Ron DeSantis Denies Florida Taxpayers Will Pay Off Disney's $1bn Debts [View all]
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
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