Told ya so….
The Republican Governor is making money and points over screwing the CEO of Diseny and the Compoany itself for political gain….
But?
If he and the Florida lawmakers would cut Disney’s special government status?
(Due to happen 2023)
It would COST Florida Tax payers MONEY…
And that would be AFTER he was voted for in this years’s Governor’s election and a run for Republican Presidential primary….
Higher TAXES???
As Disney (DIS) grapples with the aftermath of Florida Governor Ron DeSantis revoking the company’s special tax district, some experts say the dissolution might not even happen.
“I don’t think it’s very likely,” said Richard Foglesong, Disney historian and author of the book “Married to the Mouse: Walt Disney World and Orlando.”
“Frankly, the consequences are too dire,” Foglesong added. “Already you’re seeing conversations about the real cost of this, and who will pay. From all appearances now, if you listen to our county officials, it’s likely that the cost will be paid by the people who live here, and I don’t think that’s going to be a very popular idea,” he continued.
Still, the bill was signed into law by Governor DeSantis on Friday and, barring any major backpedaling on the part of lawmakers, will go into effect in June 2023. Disney could also sue Florida for retaliation in an attempt to thwart the legislation, although experts say it is more likely that the media giant will enter into negotiations to alter the terms of the district….
…
The new ruling will therefore force Disney to pay taxes on those government-funded programs; however, it also means that Reedy Creek’s $997 million worth of bond debt, and some $163 million in annual tax payments, will fall on the citizens of Orlando….