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Started By
Message
FL taxpayers to absorb over 1 billion in bond obligations due to Disney exemption repeal
Posted on 4/21/22 at 8:20 pm
Posted on 4/21/22 at 8:20 pm
quote:
On Wednesday, the Florida Senate voted 23 to 16 to eliminate the Reedy Creek Improvement District, dealing a major blow to Disney and by extension, taxpayers in Central Florida.
The district has about a billion dollars in outstanding bonds that need to be dealt with. That burden, as state lawmakers admitted, will fall on local taxpayers.
LINK
41
Posted on 4/21/22 at 8:21 pm to lsupride87
No it won’t
Disney about to get sued
Disney about to get sued
This post was edited on 4/21/22 at 8:22 pm
Posted on 4/21/22 at 8:21 pm to lsupride87
Posted on 4/21/22 at 8:21 pm to theunknownknight
quote:Im sorry?
No it won’t
quote:The people passing the bill are telling you it will
That burden, as state lawmakers admitted, will fall on local taxpayers.
This post was edited on 4/21/22 at 8:22 pm
Posted on 4/21/22 at 8:22 pm to lsupride87
Im confused
Why would removing tax exempt stuff from disney cause taxpayers to pay more?
ETA oh its a MSM hitpiece
I see
Why would removing tax exempt stuff from disney cause taxpayers to pay more?
ETA oh its a MSM hitpiece
I see
This post was edited on 4/21/22 at 8:23 pm
Posted on 4/21/22 at 8:22 pm to lsupride87
Would they not be increasing revenue on property taxes, permit fees, etc?
Posted on 4/21/22 at 8:22 pm to lsupride87
quote:
Im sorry
Apology accepted
Posted on 4/21/22 at 8:23 pm to lsupride87
Like the media cares about spending tax money.
Posted on 4/21/22 at 8:24 pm to Cosmo
quote:Because saying this is a “tax exempt” issue is as accurate as saying “don’t say gay”
m confused
Why would removing tax exempt stuff from disney cause taxpayers to pay more?
Disney doesn’t have a tax exempt status. They pay 100s of millions in taxes. The just of the reedy creek development is Disney controls their own infrastructure. By removing the exemption, the current bonds fall in the tax payers
Posted on 4/21/22 at 8:25 pm to lsupride87
Can someone explain this like I'm five? This bond shite makes no sense to me.
Posted on 4/21/22 at 8:25 pm to lsupride87
How much more money will the state take in with disney paying more?
That, of course, isnt mentioned
That, of course, isnt mentioned
This post was edited on 4/21/22 at 8:26 pm
Posted on 4/21/22 at 8:26 pm to lsupride87
I know nothing about Disney, can they just walk away from the area the bonds control?
Posted on 4/21/22 at 8:26 pm to Emteein
quote:
Can someone explain this like I'm five?
It’s bullshite
Posted on 4/21/22 at 8:27 pm to lsupride87
Oh look another half assed written article missing relevant information.
Posted on 4/21/22 at 8:28 pm to Emteein
quote:
Can someone explain this like I'm five? This bond shite makes no sense to me.
Reedy Creek (Disney) is a self-governing special tax district. They have something like a billion in bond obligations. Just because Reedy Creek goes away doesn’t mean the debt magically disappears. It is absorbed by the area where the tax district existed, which is the county. So now those county taxpayers are on the hook.
Posted on 4/21/22 at 8:29 pm to lsupride87
quote:
dealing a major blow to Disney
Doing the right thing is often not easy.
A concept that the pedo groomer crowd is ignorant of.
Posted on 4/21/22 at 8:29 pm to theunknownknight
quote:Please explain wise one
It’s bullshite
Posted on 4/21/22 at 8:30 pm to GetCocky11
I find it hard to believe the state doesn’t have some way to offset that.
What I don’t find hard to believe is that article doesn’t even bother to explore that.
It’s a hit piece.
What I don’t find hard to believe is that article doesn’t even bother to explore that.
It’s a hit piece.
This post was edited on 4/21/22 at 8:31 pm
Posted on 4/21/22 at 8:31 pm to lsupride87
Wouldn’t like a .75% sales tax on everything sold at Disney and some property tax on Disney land take care of that?
Posted on 4/21/22 at 8:31 pm to GetCocky11
quote:
It is absorbed by the area where the tax district existed, which is the county. So now those county taxpayers are on the hook.
Yes, but now that the tax exemption is lifted the district will take in millions in taxes from their newest taxpayer (Disney). It’s a half written article.
This post was edited on 4/21/22 at 8:33 pm
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