."Under the proposed legislation, Disney will no longer control its own government, will live under the same laws as everyone else, will be responsible for their outstanding debts, and will pay their fair share of taxes. Imposing a state-controlled board will also ensure that Orange County cannot use this issue as a pretext to raise taxes on Orange County residents.”
The state did not provide any other details including who will propose the actual legislation or a timeline.Removing and revising powers of the districtRevising the selection process, membership qualifications and compensation for the governing body of the district Ensuring debts and bond obligations held by the district remain with the district and are not transferred to other governments by retaining the district’s authority related to indebtedness and taxationRevising the district’s regulatory framework and structureRepresentatives with Disney and the district were not available for comment.DeSantis signed a bill in April that enacted the dissolution of
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Florida Gov. Ron DeSantis' reveals plans for Disney's Reedy Creek - Jacksonville Business JournalThe Reedy Creek district's future has been a major concern for many in the region.
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