quote:

Originally posted by Lefty Sig:
The rides sucked except Space Mountain,.

Mr. Toad's Wild Ride totally outclassed Space Mountain.

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Just like saying the average cost of a house has grown well above the rate of inflation since 1971.

Inflation has hit everything.

However, inflation has hit hardest on things that are subsidized by government. That includes houses (mortgage interest has been deductible), but mostly health care and education are subsidized by government and costs have sky rocketed.

Removing Disney's deal could end up transferring billions in bond debt to Orange and Osceola home owners tax bills.

Link

Special district bill will leave Orange, Osceola taxpayers with Disney debt, Democrats say Reedy Creek Improvement District has a bond debt of nearly $1 billion

Democratic attempts to water down a bill that would dissolve six special districts in Florida, including Disney’s Reedy Creek Improvement District, failed in the Florida Senate Tuesday night.

Senate Minority Leader Gary Farmer, D-Fort Lauderdale, tried to amend SB 4-C so that instead of getting rid of the special districts next year, the state would conduct a study to determine what impacts the bill would have, if any.

The amendment failed on a voice vote.

Farmer said the current bill as written could leave Orange and Osceola counties to assume the nearly $1 billion bond debt the Reedy Creek Improvement District carries, as required by Florida Law .

“So this is not supposition, this is not conjecture, this is Florida law that says those 1.7 million people are going to have to pick up this bill,” Farmer said.

According to the RCID’s annual financial report for 2021, the district carries a long-term bonded debt of $977,215,801.

The district, which was formed in 1967 and allows Disney to self-govern its properties, also handles water and sewer, power, roads and fire services for the district. It also pays Orange County Sheriff’s Office for law enforcement services. All of those services would also have to be assumed by the counties, if the district is dissolved.

Farmer said the bill was not fiscally sound, pointing out that other counties would be in the same boat for the five other districts the state was dissolving, and those counties would not have the revenue that Orange and Osceola counties did.

“It’s shoot first and ask questions later,” Farmer said.

Republican sponsors of the bill say its purpose is to bring these districts more in line with the state’s current constitution, which was established in 1968, one year after the Reedy Creek Improvement District was formed.

The bill allows the districts to apply to be reestablished on or after June 1, 2023.

State Rep. Randy Fine, R-Brevard County, who sponsored the House version of the bill, tried to posit Tuesday as a good thing for local governments.

“You know what, it’s a great opportunity for local politicians in Orange and Osceola county to exercise those home rule powers to rule over territory that they haven’t been able to because the state preempted them 55 years ago,” Fine said.

State legislature analysis concedes the bill will have an “indeterminate fiscal impact,” both on residents and businesses currently in the special district, and also on the local governments that will have to take on control of the district’s territory.

Orange County Comptroller Phil Diamond told News 6 Tuesday that the bill leaves more questions than answers for the county.

“For us, for anybody that’s involved with Orange County finances like I am,” Diamond said, “We are going to monitor this thing over the next week and see what happens because it could have a very big impact on Orange County and on Orange County taxpayers.”

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State legislature analysis concedes the bill will have an “indeterminate fiscal impact,” both on residents and businesses currently in the special district, and also on the local governments that will have to take on control of the district’s territory.

Oh what a load of crap. "The sky is falling, the sky is falling." Like most things in politics liberals scream about, it will likely have little if any impact on local residents and governments, but it 'will' have a huge impact on Disney. Let's see if the Disney CEO survives this monumental screwup on his part.

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Orange County Comptroller Phil Diamond told News 6 Tuesday that the bill leaves more questions than answers for the county.

When you're asking this clown for feedback on anything, you've lost all credibility. I've personally met this 'financial expert' several times and I can assure you, if you ask this nitwit to count beyond ten, you're going to have to give him a minute to remove his shoes. This guy is a butt kissing friend of Mayor Demmings (yep, married to Val Demmings) who himself has not yet learned to read at grade level. We have quite the group of buffoons running Orange County right now.

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Originally posted by RichardC:

quote:

Originally posted by Lefty Sig:

The rides sucked except Space Mountain,.

Mr. Toad's Wild Ride totally outclassed Space Mountain.

Let's not forget that all-time favorite: "It's A Small World."

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So this is not supposition, this is not conjecture, this is Florida law that says those 1.7 million people are going to have to pick up this bill,” Farmer said.

According to the RCID’s annual financial report for 2021, the district carries a long-term bonded debt of $977,215,801.

Won't those 1.7 million people also be collecting property and sales tax from Disney then?

Well Orlando Mayor Jerry Demings says it's gonna be a catastrophe, so you know it's gonna be real baaaad.

I mean, that family is just full of top caliber folks.

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Originally posted by bigdeal:

quote:

State legislature analysis concedes the bill will have an “indeterminate fiscal impact,” both on residents and businesses currently in the special district, and also on the local governments that will have to take on control of the district’s territory.

Oh what a load of crap. "The sky is falling, the sky is falling." Like most things in politics liberals scream about, it will likely have little if any impact on local residents and governments, but it 'will' have a huge impact on Disney.

Yeah, that's right bigdeal!
Let's not lose sight of the purpose of this bill: Disney gets to play by it's own rules, not subject to the regulations everyone else has to live under. This merely ends that.

No one should get a 'special deal'. If a law is to be just, it must apply equally to all.
I'm sick to death of being told what I can and cannot do by people who are exempt from what they impose on others.

quote:

Originally posted by GrumpyMCO:
Well Orlando Mayor Jerry Demings says it's gonna be a catastrophe, so you know it's gonna be real baaaad.

Just as a point of clarification, Jerry Demmings is Orange County Mayor. Buddy Dyer (another lying POS Dem) is Orlando mayor.

And yes, Demmings is Orange County's Joe Biden. He will say and do exactly what the Dem party tells him to do. With an IQ hovering around 80, Jerry's little more than what Musk called Biden..."A damp sock puppet in human form."

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Originally posted by a1abdj:

quote:

So this is not supposition, this is not conjecture, this is Florida law that says those 1.7 million people are going to have to pick up this bill,” Farmer said.

According to the RCID’s annual financial report for 2021, the district carries a long-term bonded debt of $977,215,801.

Won't those 1.7 million people also be collecting property and sales tax from Disney then?

Please don't inject common sense or rational thought into this conversation.

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Won't those 1.7 million people also be collecting property and sales tax from Disney then?

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Please don't inject common sense or rational thought into this conversation.

That's the concept, use common sense and rational thought vs over reaching to get even with a political rival and be sure the results are what we think they will be.

Its important to note that those same folks getting the tax revenue will now have to pay for the police and fire, and all government services they collect the taxes for, it's not a zero sum game where the counties are now getting millions in tax revenue without having to foot the bills.

It needs to be clear, what is the revenue, what will the costs to provide services be, and what if any debt is going to have to be absorbed by the residents of those counties.

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Originally posted by HRK:
Its important to note that those same folks getting the tax revenue will now have to pay for the police and fire, and all government services they collect the taxes for, it's not a zero sum game where the counties are now getting millions in tax revenue without having to foot the bills.

Nope, never happen. Disney will not give up control of their on property police/security and fire services to Orange County. All of those assets are already owned and in place by Disney, and giving them up would make no sense. It could also make Disney more prone to litigation should they ditch their services in favor of what would be framed as inferior and distant county services. This is the BS argument local liberals are screaming about that ain't never gonna happen.

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It needs to be clear, what is the revenue, what will the costs to provide services be, and what if any debt is going to have to be absorbed by the residents of those counties.

The legislature can address any Disney debt very simply with the stroke of a pen. And since DeSantis likes his approval rating, I very much doubt he or the legislature are going to toss the debt burden on the taxpayers. Again, this is just local liberal noise. Ignore it.

As long as nobody ends up absorbing debt or taking on other expenses it's good, hopefully Tallahassee has reviewed all the possibilities and have it under control.

Regardless of party, trusting politicians to comprehend the complexity as well as adhering to fiscal responsible plans is a long shot.

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Originally posted by Balzé Halzé:
I suppose it still has to make it through the House and then go to DeSantis, but that doesn't appear to be much of a hurdle.

Passed the House. On to DeSantis' desk

https://townhall.com/tipsheet/...cial-status-n2606178

“The Trump Effect”

(R)s learning to punch back. ‘Bout time!

quote:

Originally posted by HRK:
Regardless of party, trusting politicians to comprehend the complexity as well as adhering to fiscal responsible plans is a long shot.

I don't trust any of them on either side of the aisle. However, I absolutely trust in their sense of self protection and promotion. If the legislature allowed the Disney debt to fall on the taxpayers, those taxpayers wouldn't be too quick to cast votes for them come election time.

Granted. Per Florida Legislature. 4/21/2022

"Granted" means it has been passed into law, right?

Edit: just found the answer - yes!

Another question -

How long before this takes effect, or will it be like Brexit and take years to implement?

It will dissolve according various places:
June 1, 2023
https://www.wtsp.com/article/n...2e-bbc8-48c81013581c

The debts AND assets of reedy creek will be distributed/assessed and absorbed.

The idea this is going to be some giant burden on the local governments is not remotely accurate.