Messing With Mickey
Disney is not now, nor has it ever been a “private government”. It had a special taxing district to construct and maintain the infrastructure at the land it owned in Orange and Osceola counties in central Florida. Disney paid property taxes to the two counties and raised $105 Million to support the infrastructure plus another $60 Million to cover the $1.0 to 1.7 Billion in bonds needed to build the infrastructure. Disney has it own fire department, but not a police department because it isn’t a government.
What cancelling the Reedy Creek tax district has done is reduced about $ 165 Million in taxes Disney has been paying and transfers the liability for the bonds to the two counties. The reason for Reedy Creek was the reality that the two counties couldn’t afford to build the infrastructure or obtain the funding necessary. It’s not as if Disney was building an NFL stadium which would have been totally taxpayer funded. 😈
Dementis screwed Florida taxpayers. Orange and Osceola counties never got a chance to testify before the legislature sold them into bankruptcy. Their only hope is that Disney fights the law and wins.
Note: I live in a special tax district which combines my tiny town with two other areas on the Panhandle to finance a fire department. We lease police services from the Sheriff, because our own police officer would be too expensive.
4 comments
It’s not as if Disney was building an NFL stadium which would have been totally taxpayer funded. 😈
🙂
Dementis screwed Florida taxpayers.
yep. this is what the republican party prizes above all else.
It makes you wonder what happened to small government, anti-tax Republicans.
It makes you wonder what happened to small government, anti-tax Republicans.
they became democrats, long ago.
😀