Goofyernmost
Well-Known Member
Sure but the massive majority of the taxes come Disney? I once had the opportunity to be on the board of a similar defined independent municipality. We had the ability to assess and collect taxes (water fees) float bonds if needed and all we had to do was to provide drinking water to a relatively small housing development. We were in charge of wells, waterlines and reservoir for that single development. We met once a month went over the events of the previous month, approved water system maintenance costs along with repairing any broken lines and maintaining safe, clean water standards. That was all it took to have that power.It needs to have other functions in order for the bondholders to be paid. RCID pays the bonds based off revenue generated from property taxes.
To do all this, you need to have the ability to assess and collect taxes.
Disney's original setup encompassed a lot more including the massive infrastructure required to build the place and the scope of that isn't anywhere near what it was in the late 60's, So it could downsize and Disney could take on some of the other things that RCID once did. I know the system was working well, and I'm sure it could be expended over time once the tyrants are subdued. I would take a little time, but it is still in business with almost no change except different responsibilities.
On a side note, considering the wages that they seem to pay, I am doubtful that they have lost 40% of their work force. Part timers maybe, but anything there is a golden egg situation for most of them and even if they did, if they had the opportunity to reestablish RCID I bet a whole lot of them would come back. It's only been a year.