Remember these areas are mostly Democratic strong holds which means it is icing on the cake for DeathSantis if it costs them more than they can afford in extra taxes. He gets to hurt a large company that disagrees with him even as it brings much needed revenue into the state and hurt the majority democrats in the area as well. Win Win for the fascist governor.
Inside The Magic reports:
The Reedy Creek Improvement Act essentially allows Walt Disney World to reside in Florida unregulated, acting as its own “government” in a way. The act involved creating a special taxing district that acts with the same authority as a county government.
This situation, while complex, seemed fairly cut-and-dry until reporters started to do the numbers and figure out what the termination of the Reedy Creek Improvement Act would actually mean for local taxpayers.
Mary Ellen Klas, the Miami Herald Capitol Bureau Chief tweeted some more information regarding the situation between Disney and Gov. DeSantis. As you can see, the termination of this act could transfer a whopping $2 billion worth of debt over to taxpayers, resulting in thousands of dollars in tax bills.
Read the full article.