He added it would be 'catastrophic for our budget' if the county had to assume the costs for public safety at the theme park resort.ĭeSantis's bid to strip Disney World of its self-governing status could fail because of the tax burden it'll impose on locals, lawyers believe. On Wednesday, the Reedy Creek board of supervisors carried on with business as usual on Wednesday, barely mentioning the decision to dissolve the district.Įmployees have been left in the dark as to what comes next for the district, says firefighter and union president Jon Shirey, who was reportedly the only one to address the issue directly on Wednesday The Sunshine State's laws stipulate that all residents must be taxed equally.īut winding down Reedy Creek Improvement District - the name of the private body that oversees Disney's Orlando resort - would leave the state liable for $2 billion in bond debts currently held by the entertainment giant.ĭisney issued those bonds - seen as an extremely safe financial investment - to fund the expansion of Walt Disney World Resort.īut unwinding Reedy Creek means families from Orange and Osceola counties would be on the hook for between $2,200 and $2,800 each, because the district would be absorbed into both areas.
The issue wasn't even on the agenda, but it was briefly mentioned during a discussion on solar panels.ĭistrict administrator John Classe said that a planned expansion of the solar energy program could be delayed due to financial challenges caused by the new law, according to WESH reporter Bob Hazen.