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