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.
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