News Reedy Creek Improvement District and the Central Florida Tourism Oversight District

[Brian]

‘Reedy Creek failed’: Hundreds of district employees owe over $2M in back taxes

In a letter to the IRS, district officials explained that Disney theme park passes and discounts given to employees weren't properly reported as taxable benefits.

www.clickorlando.com

 

[flynnibus]

‘Reedy Creek failed’: Hundreds of district employees owe over $2M in back taxes

In a letter to the IRS, district officials explained that Disney theme park passes and discounts given to employees weren't properly reported as taxable benefits.

www.clickorlando.com

gotta love the shotty reporting... "Hundreds of district employees owe over $2M in back taxes" -- No, 2.1M is the total tax liability calculated that is in question. Over 600k of that is actually the district's liability. But that would require actually looking at the material they are reporting on...

 

[lazyboy97o]

Isn’t it true that right now there isn’t a valid Development Agreement in place for how Disney can utilize the land. So other than renovating existing space, expansion seems to be off the table until a new agreement is in place, or am I interpreting that wrong?

Disney didn’t invalidate any development agreements, the legislature/CFTOD did.

Any park related expansion would also require coordinating with expansion of utilities and services and thus far this board doesn’t seem to be willing to do more than the minimum for its constituents.

A development agreement is not authorization to develop property. It merely sets in place existing development regulations. Without the development agreement Disney is simply subject to the development regulations. And since the district has not even started the process to develop a new comprehensive plan and then change the development regulations, for the time being the development regulations are still the same ones in the development agreement.

 

[mkt]

‘Reedy Creek failed’: Hundreds of district employees owe over $2M in back taxes

In a letter to the IRS, district officials explained that Disney theme park passes and discounts given to employees weren't properly reported as taxable benefits.

www.clickorlando.com

If the CFTOD is the reason that their employees (and potentially also WDW CMs) effectively get a tax hike, there will be torches and pitchforks at their door.

 

[flynnibus]

If the CFTOD is the reason that their employees (and potentially also WDW CMs) effectively get a tax hike, there will be torches and pitchforks at their door.

District has already dealt with this in their new stipend program to employees... by trying to cover the tax liability in the amount.

WDW employees are a completely different situation with regards to the tax liability with their employer giving away its own services to employees.

The topic here really is about the prior tax liability - and if the IRS will wave its hand about it, or decide to pursue some or all of it.

 

[Batman'sParents]

District has already dealt with this in their new stipend program to employees... by trying to cover the tax liability in the amount.

WDW employees are a completely different situation with regards to the tax liability with their employer giving away its own services to employees.

The topic here really is about the prior tax liability - and if the IRS will wave its hand about it, or decide to pursue some or all of it.

Aren’t Disney benefits like discounts and passes similar to other benefits that say other companies give out to their employees? Like Costco giving out free executive memberships to their employees or Southwest allowing their employees to fly for free when not working?

 

[peter11435]

Love that. "Do what we say or we won't invest in WDW anymore."

What a joke.

That’s not really what they said.

However, the fact that you find fault with that sentiment shows your bias.

Why is this a joke? Would you invest in a business, or even on a personal level invest in a house in an area that was actively harassing you? What about an area whose stated purpose was to make your life/operations more challenging?

 

[flyakite]

From Orlando Sentinel:

NOTICE OF MEETING
YOU WILL PLEASE TAKE NOTICE that on December 13, 2023 at 9:30 a.m., or as soon thereafter as practicable, the Board of Supervisors of the Central Florida Tourism Oversight District will meet in regular session at 1900 Hotel Plaza Boulevard, Lake Buena Vista, Florida. Interested parties may appear at the public meeting and hearing to be heard with respect to the proposed resolutions. If a person decides to appeal any decision made by the Board of Supervisors with respect to any matter considered at such meeting or hearing, he or she will need a record of the proceedings, and that, for such purpose, he or she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based.
By: Alycia Mills, District Clerk Central Florida Tourism Oversight District

 

[MagicRat]

Man this is a messed up state right now, it is as if the governor just throws ideas at a wall to sit what sticks for his base. He is going after college football now because his Florida State didn’t get into the playoffs.

 

[DCBaker]

Here’s the YouTube link to watch the CFTOD Board of Supervisors meeting, scheduled to start at 9:30am.

 

[Figgy1]

Here’s the YouTube link to watch the CFTOD Board of Supervisors meeting, scheduled to start at 9:30am.

THNX, headphones at the ready

 

[lazyboy97o]

That’s not really what they said.

However, the fact that you find fault with that sentiment shows your bias.

Why is this a joke? Would you invest in a business, or even on a personal level invest in a house in an area that was actively harassing you? What about an area whose stated purpose was to make your life/operations more challenging?

Welcome to the new free speech theory of compelled speech where persons and organizations must be forced by the state to support positions to somehow make them neutral.

 

[DCBaker]

Bridget Ziegler is not in the room for the meeting today (they have not said if she will attend virtually or not).

 

[Figgy1]

Bridget Ziegler is not in the room for the meeting today (they have not said if she will attend virtually or not).

Too soon for a she's into video joke?

 

[castlecake2.0]

 

[castlecake2.0]

This public comment period is a JOKE. Clearly all asked to be there by the board. They shouldn’t be veiling this as members of the public coming to speak, as it’s obviously not.

 

[Figgy1]

This public comment period is a JOKE. Clearly all asked to be there by the board. They shouldn’t be veiling this as members of the public coming to speak, as it’s obviously not.

It's almost as if they thought they'd need to distract from something. Gee what could be that be

 

[Figgy1]

Just how many properties has she handled in the district I'm starting to think the board wrote all this crap for the speakers

 

[wdwmagic]

Hat-off to Debbie once again for saying what needs to be said.

 

[castlecake2.0]

Hat-off to Debbie once again for saying what needs to be said.

What an amazing citizen! I bet they loved that.