Gov. DeSantis on Disney World receiving 'special perks': 'I don’t support special privileges in law just because a company is powerful, and they’ve been able to wield a lot of power.'
When asked about the unique arrangement during a public appearance on Thursday, Florida Gov. Ron DeSantis indicated Disney had long received special treatment that it may no longer merit.
In an interview Friday afternoon, state Rep. Roach called Reedy Creek "the largest tax evasion scam in Florida history, if not U.S. history — and we’ve had our share of scams in Florida." Day-to-day operations are conducted separately from Disney, but the company, as Reedy Creek's largest landowner, effectively controls the district's Board of Supervisors.
But most important is Reedy Creek's ability to collect taxes and issue bonds. For the current fiscal year, the district has a budget of more than $169 million — more than 90 percent of which comes from the collection of property taxes on Disney's real estate. As a result, Reedy Creek currently maintains an AA bond rating from Fitch, one of the biggest credit-rating agencies in the U.S., which notes Disney holds large reserves and is able to maintain broad revenue-raising powers, ensuring high financial flexibility.
As one Orange County lawmaker put it in the 1980s: “Without question, Disney is the largest taxpayer in Orange County. Without question, Disney is the largest employer in Orange County. And without question, Disney causes some of the greatest impact in Orange County.”
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