Florida Governor Ron DeSantis signed a bill into law on Friday that terminates all special districts that were enacted in Florida prior to 1968, including Disney’s Reedy Creek Improvement District. The new law will remove Disney’s tax privilege and special governing status.
The Reedy Creek Improvement District, which was created by state lawmakers in 1967, is the governing jurisdiction and special taxing district for the land of Walt Disney World Resort. Continue reading “FL Gov.Ron DeSantis Signs Bill to Remove Disney’s Tax Privilege and Self-Governing Status — Disney Stocks Down 14% in One Month — Fitch Puts Stock on Negative Watch”