Valiant News Reports: Florida Gov. Ron DeSantis is set to cut Disney off from historic taxpayer benefits, leaving the company worth billions on the same footing as every other business in the state.

A plan was announced Friday for Florida to end Disney’s special self-governing district and saddle the troubled corporation with the roughly $700 million to $1 billion in debt the district has accrued since 1967.

This comes a year after Florida Governor Ron DeSantis signed a law abolishing the Reedy Creek Improvement District (RCID) as well as other special corporate-governed districts, set to take effect in June 2023.

The plan will replace the RCID with a state-run board whose members will be appointed by the governor, Florida officials told Florida’s Voice News.

They also said the driving reason behind the plan is that the Governor’s team was worried that local Democrat-run governments would cave to corporate pressure and transfer Disney’s outstanding debt to Florida taxpayers – an outcome that DeSantis repeatedly promised would never happen.