[Brwne]

[QUOTE=daniel200;2086569]Per this news story (and others), the general obligation bonds issued by the special district where Disney operates will be transferred to Orange county taxpayers if the bill becomes law. This is not Disney debt, but rather debt issued by the special district (Reedy Creek) where Disney operates. There is various estimates of the amount .. but it ranges from $2,500 to $4,000 per tax payer.

Reedy Creek has said they will continue to make bond payments … but if their special district is dissolved as per the bill, they will have no rights to collect monies and the bonds would be transferred to tax payers per the bill.

Google “Reedy Creek bonds” .. lots of news

Reedy Creek gets it "monies" from an agreement with Disney for payments in lieu of taxes (taxes to Orange County?). Should the District be dissolved and the outstanding bond debt be "assumed by taxpayers", the law likely provides for property tax assessments against the "assessed value" of Disneyworld, just like the property tax levy on our homes.

Special Districts allow developers to recoup the infrastructure expenditures utilized by the overall development. Disney chose this approach to control and, likely, minimize it's tax expense. I wonder if the true assessed value of Disneyworld multiplied by the Orange County tax rate levy will provide more "monies" or less. I am betting on more.

The Special Districts in TV put the prorata bond amount onto each home at a fixed payment amount for 30 years. If the special Districts kept the bond, they'd levy a tax rate on our homes to get the "monies" to make the bond payment. We've seen, recently, how those levies can increase, sometimes substantially.