DeSantis Gifts Disney Huge Tax Break At Florida Taxpayers' Expense

  
Via:  Buzz of the Orient  •  2 months ago  •  6 comments

By:    By Aliza Worthington

DeSantis Gifts Disney Huge Tax Break At Florida Taxpayers' Expense
 

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DeSantis Gifts Disney Huge Tax Break At Florida Taxpayers' Expense

Central Floridians will likely see their property tax bills increase by $500-$1000 as a result of this "punishment" for Disney's opposition to DeSantis' homophobic agenda.

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I'm not sure how dissolving Disney's "special status" in Florida is supposed to somehow punish the company for having grudgingly and slowly opposed Gov. Ron DeSantis' homophobic political agenda. Still, that's what DeSantis and Florida Republicans are trying to pass off as retaliation towards the company, but the real pain will be inflicted on citizens in the two adjacent counties in the form of a sharp increase in tax bills.

Disney exists in its own self-governing district called Reedy Creek, providing its own roads, infrastructure, buildings, etc, as long as they meet state codes. Reedy Creek funds government services like fire, water, sewer, etc. itself. The district brings in $105 million in revenue to pay for it.

Dissolving that special status has severe tax implications, not for Disney, but for Floridians in Orange and Osceola counties.

According to  CNBC :


On top of the $105 million, Disney also pays local property taxes. Public records show Disney is the largest taxpayer in central Florida, paying over $280 million in property taxes to the counties between 2015 and 2020.

If the special district is dissolved, Orange and Osceola counties would have to provide the local services currently provided by Reedy Creek. And, the $105 million in revenue would disappear, meaning county and local taxpayers would be on the hook for part or all of the added costs.

...

Reedy Creek has bond liabilities of between $1 billion and $1.7 billion, according to the district’s financial filings. Under Florida statute, if Reedy Creek is dissolved, those liabilities are transferred to the local governments — either Bay Lake or Lake Buena Vista, or more likely, Orange and Osceola counties.

If Reedy Creek has as much in bond liabilities as tax experts and Florida legislators expect, it could cost the taxpayer as much as $1000 more in taxes per year that would be transferred to them.

This bill was passed in the legislature with zero public debate or input, and at lightning speed. They took three days to do this, and instead of punishing Disney, Republicans are handing them a huge tax break to the tune of $163 million they no longer have to raise. And the party that swears it's against raising taxes is forcing ordinary Floridians to foot the bill.


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Buzz of the Orient
Professor Principal
1  seeder  Buzz of the Orient    2 months ago

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Buzz of the Orient
Professor Principal
2  seeder  Buzz of the Orient    2 months ago

I know this is an extreme left-wing news site, but since articles are posted by right-wing sites such as Washington Times, a little taste of the opposite is good for a little "BALANCE". 

Out of curiosity, I wonder how many votes the Republicans will lose from out of those two counties, as well as everyone who prefers Micky Mouse to DeSantis anyway. 

 
 
 
Drinker of the Wry
Freshman Principal
2.1  Drinker of the Wry  replied to  Buzz of the Orient @2    2 months ago
I wonder how many votes the Republicans will lose from out of those two counties, as well as everyone who prefers Micky Mouse to DeSantis anyway. 

Good question.  A family of four can travel to Disney World, stay on the property, eat and visit the Park for 5 days for between $5,750 - $8,500 depending on accommodations.  What's DeSantis have to offer and at what cost?

 
 
 
Buzz of the Orient
Professor Principal
2.1.1  seeder  Buzz of the Orient  replied to  Drinker of the Wry @2.1    2 months ago

I took my family to Disney World 3 times during the 1980s, and that present cost seems astronomical to me.  

 
 
 
Drinker of the Wry
Freshman Principal
2.1.2  Drinker of the Wry  replied to  Buzz of the Orient @2.1.1    2 months ago

I first went with a girlfriend on New Years Day  1977.  I took my family in 2002 and 2006 and stayed at the Wilderness Lodge and then the Boardwalk.  We had military discounts for both the hotel and tickets.  There are several sites that approximate costs, here is one.  

 
 
 
Buzz of the Orient
Professor Principal
2.1.3  seeder  Buzz of the Orient  replied to  Drinker of the Wry @2.1.2    2 months ago

The first time we went my daughter was 5 or 6 and my son was just 1 or 2.  It was when Disney provided big discounts to Canadians to thank Canada for the "Canadian Caper" (Canada rescued Americans who would have been hostages from Iran) and we stayed outside the park in a big motel where I got food poisoning from clam chowder that the motel served.  The second time we stayed in the Contemporary Hotel (the one the Disney tram runs through) and the third time we stayed in one of the townhouses in Disney World because we took our nanny with us to mind the kids.  I don't remember how much those stays cost me. 

 
 

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