Last year I was offered a one week all expense paid trip to the park. I said fuck no. The wife went though...
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Originally posted by Dr. Strangelove View PostThe problems caused by the decision could get resolved by next year, but they ARE problems.
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What Reedy Creek isn’t is a replacement for the counties it exists in. Disney still pays the same property taxes levied by the government and the school district that every other landowner pays. Orange County, for example, collected $40 million from the House of Mouse in 2021, Tax Collector Scott Randolph (D) said.
So, how does Reedy Creek operate its own fire and sewer departments? The special tax district status allows Disney to levy an additional tax on itself to pay for those services. The tax, amounting to $105 million per year, is illegal anywhere else in the county, along with the additional $58 million per year the company taxes itself to pay off Reedy Creek’s bond debt.
When the district is dismantled on June 1, 2023, Orange County will begin paying for those services and paying off the debt, without that special status in place.
“The moment that Reedy Creek doesn’t exist is the moment that that those taxes don’t exist,” Randolph said. “Orange County can’t just slap a new taxing district onto that area and recoup the money that was lost.”
Effectively, Disney’s loss of control also hands it a $163 million per year tax break. If the entire state of Florida was responsible for covering the hole, each taxpayer would have to cough up roughly $7.50.
However, this burden will not be shared equally. Despite zero debate or public comment, and the near-total opposition of Central Florida’s delegation to this maneuver, Orange and Osceola County taxpayers will shoulder the hit alone, leaving both counties staring at financial ruin.
End of Reedy Creek: Disney won’t pay more taxes, but you will – WFTV
In Michigan, they call it a special assessment district, and the counties will impose that immediately One assessment of $ 105 million for fire and sewer. One assessment of $ 58 million for payment on the bonds. Why can't Orange County do that? Randolph doesn't say.
All I know for sure is that, in Celebration, it is a big deal that taxes are so low because of the special treatment Disney gets.
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Originally posted by Dr. Strangelove View PostRussia cutting off nat gas to both Poland and Bulgaria. Other countries to come maybeMission to CFB's National Championship accomplished. But the shine on the NC Trophy is embarrassingly wearing off. It's M B-Ball ..... or hockey or volley ball or name your college sport favorite time ...... until next year.
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