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re: FL taxpayers to absorb over 1 billion in bond obligations due to Disney exemption repeal

Posted on 4/22/22 at 7:18 am to
Posted by LNCHBOX
70448
Member since Jun 2009
88718 posts
Posted on 4/22/22 at 7:18 am to
quote:

1. You think a governor can jsur dexide “frick that company I’m taxing them double everyone else?


Yea that's not what's happening here.
Posted by lsupride87
Member since Dec 2007
108566 posts
Posted on 4/22/22 at 7:19 am to
quote:

Yea that's not what's happening here.


LNCH I pray you are level headed enough to see exactly what’s happening here, correct?
Posted by LNCHBOX
70448
Member since Jun 2009
88718 posts
Posted on 4/22/22 at 7:20 am to
not what you're claiming. This is worse than your takes in the parents bill yesterday.
Posted by shawnlsu
Member since Nov 2011
23682 posts
Posted on 4/22/22 at 7:21 am to
quote:

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

Well, now that Disney is going to pay their "fair share", they will foot most of that bill themselves.
Swing and a miss.
Posted by lsupride87
Member since Dec 2007
108566 posts
Posted on 4/22/22 at 7:22 am to
Please do tell me what I have claimed is wrong lnch, walk me through it

I have claimed

There is a new debt to incur. Disney’s added taxes won’t come close to the debt total. Without making Disney a special disroct, assets and revenues can’t be absorbed by the county to offset the debt, as the bond covnwsnats specifically stated such

The Republican lawmaker says “the counties will absorb the debt, but “isn’t sure” how that will be paid”

What am I missing? How will the debt be offset without tax collections from the tax payers?
Posted by lsupride87
Member since Dec 2007
108566 posts
Posted on 4/22/22 at 7:23 am to
quote:

Well, now that Disney is going to pay their "fair share", they will foot most of that bill themselves.
This is factually incorrect and even Republican lawmakers will tell you so. Their additional taxes don’t come close to the debt incurred
Posted by TDTOM
Member since Jan 2021
24760 posts
Posted on 4/22/22 at 7:25 am to
(no message)
This post was edited on 4/22/22 at 7:26 am
Posted by lsupride87
Member since Dec 2007
108566 posts
Posted on 4/22/22 at 7:26 am to
quote:

The debt incurred or the servicing of said debt?

The payment of said debt that is due through 2036 I believe
This post was edited on 4/22/22 at 7:27 am
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297072 posts
Posted on 4/22/22 at 7:28 am to
quote:

is is worse than your takes in the parents bill yesterday.


he's just trying to deflect from that ignorance he spouted yesterday. I've never seen anyone that determined to be wrong.
Posted by lsupride87
Member since Dec 2007
108566 posts
Posted on 4/22/22 at 7:32 am to
Please Roger, try and actually add some substance to a single thread you post I

Please provide a single link from a Florida Republican politician saying how the debt will be offset? I would love to hear it. Right now we have “I don’t know. We will have to figure that out”
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 4/22/22 at 7:33 am to
Why are people upset for people who aren’t upset
Posted by lsupride87
Member since Dec 2007
108566 posts
Posted on 4/22/22 at 7:34 am to
Why are people so upset for people who aren’t upset about taxes going up? I don’t know good question

This entire ordeal is over faux outage. Started with the faux don’t say gay outage, and snowballed from there
This post was edited on 4/22/22 at 7:35 am
Posted by musick
the internet
Member since Dec 2008
26131 posts
Posted on 4/22/22 at 7:35 am to
Sudden debt occurred from Disney bc they got breaks that are no longer in place?

Seems like an easy fix
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297072 posts
Posted on 4/22/22 at 7:41 am to
quote:

This entire ordeal is over faux outage


And you've been pushing this faux outrage for two days.

Your faux outrage is as bad or worse than the Governors, and you have no reason for it. He does.
Posted by lsupride87
Member since Dec 2007
108566 posts
Posted on 4/22/22 at 7:44 am to
quote:

Seems like an easy fix
Please tell
Posted by Emteein
Baton Rouge
Member since Jun 2011
3992 posts
Posted on 4/22/22 at 7:44 am to
quote:

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.




Ok, does that not include taxes on business revenue? asking cause I don't know. like the park and hotel revenue?
Posted by ell_13
Member since Apr 2013
87204 posts
Posted on 4/22/22 at 7:47 am to
The infrastructure exists already though. The revenue would come from Disney charging them for the use of that infrastructure. The assumption that that won’t happen is hilarious honestly.
Posted by lowhound
Effie
Member since Aug 2014
9677 posts
Posted on 4/22/22 at 7:49 am to
quote:

So now those county taxpayers are on the hook.


But the county would actually be getting tax revenue from Disney, whereas they didn't before.
Posted by lsupride87
Member since Dec 2007
108566 posts
Posted on 4/22/22 at 7:51 am to
quote:



But the county would actually be getting tax revenue from Disney, whereas they didn't before.
Correct, and that revenue does not offset the debt
Posted by ell_13
Member since Apr 2013
87204 posts
Posted on 4/22/22 at 7:51 am to
Dems are trying to scare people by telling them Disney wouldn’t provide any tax revenue to the state and county. It’s not even a good lie.
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