Once again, taxes paid to Reedy Creek Improvement District are not in lieu of county taxes. Disney and the other landowners absolutely are paying more taxes than everyone else because they pay District taxes on top of the county taxes.
What exactly are you having a hard time understanding?
No - you're trying to set a trap that doesn't apply. The standard has been shared - stop being obtuse to try to score a gotcha. Your end game is invalid as it's already been explained 4 times now.
Has it? You keep making assertions. Not sure I've seen an explanation.
I tried before and I will try 1 more time. What you are saying is simply not true. First RCID issues municipal debt which requires them to comply with all sorts of regulatory compliance. You cannot issue debt without complying. Investors own the billions of dollars in bonds they issue. The investors have lawyers and accountants and others that read the documents. Many of the documents are subject to an audit from an accounting firm as well. They read the documents. In additional to the financial regulatory filings RCID is also a utility. They provide power, natural gas and water/sewer services. Their power generation is subject to FERC regulatory reporting. Those reports are reviewed. There are also numerous environmental groups very interested in anything related to power generation, wastewater treatment and anything else impacting the environment. I don’t know what the state and federal requirements are for first responders but I would assume there is some reporting requirement there as well. There is a ton of oversight across the board.
Where the line is between TWDC and RCID?
Are you saying Desantis is helping Disney by moving the debt and taxes to the counties? Are they paying double, to the county and RCID for the same service? This is how confusing this situation is. Right now there is probably hundred of lawyers reading all those documents.
They are two legally distinct entities. The Walt Disney Company enjoys de facto control over the District because they are the largest landowner in the District which apportions votes based on land holdings. Before today, if The Walt Disney Company was dissolved the District would continue to exist. If Disney sold their hotels and the land under them to Marriott then Marriott would get voting rights in the District.
Nope, that doesn't work either. Plenty of people look at the working of RCID and some of those are investigative journalists. There is nothing hidden here or was there in the past.
Thank you. Ok. So they are not the same entity.
You are aware that property records including tax records are public records are you not? Including the ability to view them on the internet?
Historically, the Supreme Court looks past legal façades to get to the central issue.
No. Disney’s big benefits are in the level of service, the ability to direct infrastructure development and control over zoning. They pay more for those benefits.
Ok but you still don't know how much it will cost the counties to provide the same services. Nobody have those numbers because this happened a few days ago. Yes everything is legal. How do you now the numbers when even the orange county mayor can't answer the same question. They only talked about the bonds there is still a lot more going on. People are just going online and repeating misinformation.
So, focused attention of the governing body aside, what does TWDC lose? Their vote? I presume if they shifted RDIC to a traditional municipality, or back to the county, it would mean that as landowners they would lose their leverage, which would fall to residents instead?
They would lose the level of service provided. Let’s say you and your neighbors pay extra to maintain the street you live on. You pay for all maintenance needs. As soon as a pothole starts you pay to have it fixed, no need to wait for the city to get around to it. Would you consider it a loss if it was decided you could no longer pay extra to maintain your street?
Start reading. Please share the dirt that you find.Document Library_bak - Central Florida Tourism Oversight District
CFTOD Utilities Ethics Policy Resolutionwww.rcid.org
For Disney it would be a loss. It's a win for the rest of the parks in the area as they are now on the same level playing field.
