Disney says Reedy Creek Improvement District cannot be dissolved until the state pays off it's debt

[Winston]

Since when does the government have to pay off a citizens debt to seize their property?

Since they passed a law stating as much. I mean how hard is it to read the damn OP?

 

[Baron Von Murderpaws]

The goobermint, paying off a debt???

I'm sure Desantis will just create more taxes Disney will have to pay, creating more debt on their end, and outweighing what they are owed.

There's always loopholes. And if this "law" hasn't been updated, Desantis can have it updated to include new structures for fee's, state services rendered, taxes, and other categories where Disney can be charged indefinitely for any amount the state wishes to charge them.

 

[JimH52]

Since they passed a law stating as much. I mean how hard is it to read the damn OP?

Reading Comprehension is not a strength of the MAGA cult.

 

[Baron Von Murderpaws]

Reading Comprehension is not a strength of the MAGA cult.

Using brains, intelligence, knowledge, and common sense are all foreign unknowns to the DemonicRats, Libturds, and Snowflakes.

 

[JimH52]

Using brains, intelligence, knowledge, and common sense are all foreign unknowns to the DemonicRats, Libturds, and Snowflakes.

and you still believe trump won in 2020?

 

[Dekster]

Which means that Disney no longer gets to pump money into that one area, KEEP it, and write it off.

LOL that is not what will happen. Disney already pays Orange county real estate taxes. Now Orange county is going to have to pay Disney's $160M per year bill for those bonds, fire services, and sewage costs with zero additional Disney money. Local residents are going to see a 25% increase in real estate taxes thanks to low information conservatives.

 

[Turtlesoup]

Since they passed a law stating as much. I mean how hard is it to read the damn OP?

You are confusing LAW with PLEDGE---two different things pumpkin. Politicians PLEDGE all sorts of bullshit---it doesnt make it law. In property, PLEDGE means something different as well.

 

[rightwinger]

Sure you can. A lot of states selectively tax individuals, and not everyone pays the same.

you can do the same with corporations.

But they can’t point out a single individual and tax them higher

Florida has a contract with Disney
They can’t just legislate it out of existence

 

[Juicin]

Disney's self-governing district says Florida cannot dissolve it without paying off its debts | CNN

Disney's self-governing special district, the Reedy Creek Improvement District, says that Florida's move to dissolve the district next year is not legal unless the state pays off Reedy Creek's extensive debts.

www.cnn.com

Sounds like desantis has to come up with 1 Billion dollars to pay off the outstanding debt that is owed to Disney. I guess that is one item that Little trump missed in the agreement details. Oooopppsss

View attachment 637092​

Disney doesn't make the rules...lol

Why do people buy their bullshit/

Even if it was true. They could just change the fucking law

 

[struth]

The bill doesn’t require the district to be desolved

just that disney pay it’s fair share of taxes

 

[debbiedowner]

The new law is just two pages long and avoids any discussion of details about how to unwind a half-century of infrastructure deals, nor does it lay out the next steps in the complicated process. Lawmakers in neighboring Orange and Osceola counties have expressed concerns that they will be stuck with paying off Reedy Creek's debts and will have to significantly raise property taxes on residents.

Nice Legislation Republicans

Randy Fine: Reedy Creek dissolution bill is what happens when you ‘kick the bees’ nest’

'Punishing a company for daring to speak against a Governor's radical right political agenda.'

floridapolitics.com

Randy Fine is not the sharpest tool in the shed.

 

[JimH52]

Disney doesn't make the rules...lol

Why do people buy their bullshit/

Even if it was true. They could just change the fucking law

Little trump is in a No Win situation. If he does legally dissolve the special status of Disney, he will be increasing the RE tax rate of several counties in Florida by as much as 25%. If the special status stays in effect, he will need to come up with 1 Billion dollars to null the deal. He miscalculated....sort of like the MAGA favorite Pootin, miscalculated.

 

[Winston]

You are confusing LAW with PLEDGE---two different things pumpkin. Politicians PLEDGE all sorts of bullshit---it doesnt make it law. In property, PLEDGE means something different as well.

The "pledge" is incorporated within the law and thus like in a legal contract, which is what we are really talking about here, that pledge must be upheld if the proposed law is passed dissolving the district.

 

[Harpy Eagle]

Disney's self-governing district says Florida cannot dissolve it without paying off its debts | CNN

Disney's self-governing special district, the Reedy Creek Improvement District, says that Florida's move to dissolve the district next year is not legal unless the state pays off Reedy Creek's extensive debts.

www.cnn.com

Sounds like desantis has to come up with 1 Billion dollars to pay off the outstanding debt that is owed to Disney. I guess that is one item that Little trump missed in the agreement details. Oooopppsss

View attachment 637092​

Your title is a bit off. It is not Disney that says Reedy Creek cannot be done away with till the bonds are paid, it is the State of Florida that said that in the agreement with Reed Creek.

 

[Winston]

Little trump is in a No Win situation. If he does legally dissolve the special status of Disney, he will be increasing the RE tax rate of several counties in Florida by as much as 25%. If the special status stays in effect, he will need to come up with 1 Billion dollars to null the deal. He miscalculated....sort of like the MAGA favorite Pootin, miscalculated.

It is like Little trump and Putin can't see past tomorrow. Right wingers are reactionist, they react, they don't proact, they don't think things through. That is precisely what happened with Putin. Maybe it was bad intelligence, but he just didn't adequately assess the risk of failure.

 

[DarthTrader]

Anyone with a Ukrainian flag is so stupid that I would expect them to OP a thread like this.

 

[DarthTrader]

It is like Little trump and Putin can't see past tomorrow. Right wingers are reactionist, they react, they don't proact, they don't think things through. That is precisely what happened with Putin. Maybe it was bad intelligence, but he just didn't adequately assess the risk of failure.

More of the dumbest shit I ever heard. LOL.

 

[Juicin]

Little trump is in a No Win situation. If he does legally dissolve the special status of Disney, he will be increasing the RE tax rate of several counties in Florida by as much as 25%. If the special status stays in effect, he will need to come up with 1 Billion dollars to null the deal. He miscalculated....sort of like the MAGA favorite Pootin, miscalculated.

Those numbers are made up. "could"

They control the whole fucking tax scheme, lol

Do people not understand what control of all branches of government in Florida means?

 

[22lcidw]

That's part of it. The other shoe the conservatives shot themselves in the foot with is that Reedy Creek has a special tax status. While people assumed this meant Disney paid less taxes, it really meant they paid about triple the local taxes into the special district. Dissolving the district will mean that Disney will now have to pay one-third of its current property taxes as once it is consolidated into the county, that whole county is capped at the state max local tax.

What it really means is that it kept all of the goodies to themselves while taking resources from outside interests like customers. There be no ghettos at the Disney Complex. All of those outside areas building infrastructure to approach Disney are on the hook.

 

[JimH52]

Those numbers are made up. "could"

They control the whole fucking tax scheme, lol

Do people not understand what control of all branches of government in Florida means?

Do you understand what a binding agreement is? Just because Disney said they disagreed with the "don't say Gay law"...Little trump got in undies in a bunch. As I have said before, you don't mess with Mickey Mouse. It could be very painful for Florida's tax payers.