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Florida’s New Anti -Disney Law Could Put Taxpayers on the Hook For $ 1 Billion in Debt –

Florida Republicans could face serious legal problems – and a $ 1 billion hurdle – in their efforts to repeal Disney World’s private government status in a state “promise” made 55 years ago , indicated by the Walt Disney Company. investors last week after the GOP moved. Punish the company against the controversial “Don’t say gay” law.

Disney sent a note to investors last week saying it believes it can function normally, effectively managing its own 25,000-acre community park complex called the Reedy Creek Improvement District. The area was created as a special district in 1967 to attract Disney, build the site, save millions in annual fees and taxes, but each year brings approximately 50 million visitors to the Orlando side.

“The State of Florida promises not to limit or change the county’s rights until all of these obligations are fully met and released.” Disney wrote its letter. It said it hopes to “explore its options while continuing its current operations.”

However, Republicans in Florida last week supported the repeal of this special status, which critics say is clearly retaliation after Disney said it would work to repeal the “Don’t Say Gay” law.

However, a provision in state law states that lawmakers cannot do so unless Reed Creek County is paid – an amount that could exceed a billion dollars, according to law experts. If a state still wants to move forward with fragmentation, it could lead to solid legal taxes and, in theory, require countries taking a special jurisdiction to pay off their debt as well.

Scott Randolph, a Democratic tax collector in nearby Orange County who could pay off some of the debts on these bonds near Oceola County, condemned the bill, saying it could lead to a surcharge of $ 2,200 to $ 2,800 for a family of four.

Florida Governor Ron Desantis (R) has raised some criticism, saying Disney will “not pay its taxes or debts in any way.

The pose began last month after the fight team signed the Do Not Say You Gay bill, a decision that forced Disney to commit to fighting the law. It was a statement from one of the state’s largest employers, who came after the company burned it, saying it would remain neutral because the bill would run in the state house.

“Our goal as a company is for this law to be repealed by the legislature or repealed in court and we will continue to support national and state organizations working to achieve this,” the company said in a statement at the time. . “We stand ready to protect the rights and safety of the Disney family of LGBTQ + members, as well as the LGBTQ + community in Florida and across the country.”

However, the change in tone caused anger among landers and other Republicans.

“I’m just not comfortable with this kind of mistreatment on the agenda in my state,” the governor said last week. “I just can’t.”

Source: Huffpost

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