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Florida taxpayers could face a $1 billion Disney debt bomb if its special district status is revoked

Summary by Ground News

Florida Republicans passed a bill Thursday that could repeal the company's special improvement district. Tax officials and legislators say that a law dissolving Disney's self-governing status could saddle local taxpayers with more than $1 billion in bond debt. The bill comes after the company spoke out against the state's recent Parental Rights in Education bill, dubbed by activists and critics as the "Don't Say Gay" bill.

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Florida Gov. DeSantis may repeal Disney's special tax status. But tax officials and legislators say the move could leave local taxpayers to cover more than $1 billion in bond debt.

The bill seeking to repeal Disney's special tax status is the latest development in the company's fight with lawmakers over the "Don't Say Gay" bill.

3 years ago·United States

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CNBC

Florida taxpayers could face a $1 billion Disney debt bomb if its special district status is revoked

The Florida legislature on Thursday cleared a bill that would dissolve Disney's special improvement district, effective June 2023.

3 years ago·United States

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CNBC broke the news in United States 3 years ago on Thursday, April 21, 2022.

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Florida taxpayers could face a $1 billion Disney debt bomb if its special district status is revoked

2 Articles

2 Articles

Florida Gov. DeSantis may repeal Disney's special tax status. But tax officials and legislators say the move could leave local taxpayers to cover more than $1 billion in bond debt.

Florida Gov. DeSantis may repeal Disney's special tax status. But tax officials and legislators say the move could leave local taxpayers to cover more than $1 billion in bond debt.

Florida taxpayers could face a $1 billion Disney debt bomb if its special district status is revoked

Florida taxpayers could face a $1 billion Disney debt bomb if its special district status is revoked

Coverage Details

Bias Distribution

Ownership

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