Sir_Cliff
Well-Known Member
They don't care. That money is all theoretical at this point and the people supporting this kind of politics prefer the win over the money.
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News Reedy Creek Improvement District and the Central Florida Tourism Oversight District
- Thread starter castlecake2.0
- Start date
Sirwalterraleigh
Premium Member
flynnibus
Premium Member
3395 Section 24. Ad valorem taxes.—The board of supervisors
3396 shall have the power to levy and assess an ad valorem tax on all
3397 the taxable real and tangible personal property in the district
3398 to pay the principal of and interest on any general obligation
3399 bonds of the district,
[...]
3405 district. The total amount of such ad valorem taxes levied in
3406 any year shall not be in excess of 30 mills on the dollar per
3407 annum on the assessed value of the taxable property within the
3408 district. The ad valorem tax provided for herein shall be in
3409 addition to county and municipal ad valorem taxes provided for
3410 by law.
[...]
3411 Section 25. Maintenance taxes.—In addition to the ad
3412 valorem taxes authorized by section 24, the board of supervisors
3413 is authorized to levy and assess a maintenance tax as provided
3414 for in s. 298.54, Florida Statutes, and amendments thereto, in
3415 an amount not to exceed the maximum rate therein provided, and
3416 in addition thereto, a special ad valorem maintenance tax on all
3417 of the taxable real and tangible personal property in the
3418 district, at a rate not exceeding 10 mills on the dollar per
3419 annum, for the purpose of defraying any of the costs and
3420 expenses of the district, including, but not limited to,
3421 maintenance, repair, and operation of the projects of the
3422 district, costs incurred in connection with the financing of
3423 district projects, and costs of administration.
Sounds like they can add a 'maintenance' tax on everything to help pay the bills too...
3396 shall have the power to levy and assess an ad valorem tax on all
3397 the taxable real and tangible personal property in the district
3398 to pay the principal of and interest on any general obligation
3399 bonds of the district,
[...]
3405 district. The total amount of such ad valorem taxes levied in
3406 any year shall not be in excess of 30 mills on the dollar per
3407 annum on the assessed value of the taxable property within the
3408 district. The ad valorem tax provided for herein shall be in
3409 addition to county and municipal ad valorem taxes provided for
3410 by law.
[...]
3411 Section 25. Maintenance taxes.—In addition to the ad
3412 valorem taxes authorized by section 24, the board of supervisors
3413 is authorized to levy and assess a maintenance tax as provided
3414 for in s. 298.54, Florida Statutes, and amendments thereto, in
3415 an amount not to exceed the maximum rate therein provided, and
3416 in addition thereto, a special ad valorem maintenance tax on all
3417 of the taxable real and tangible personal property in the
3418 district, at a rate not exceeding 10 mills on the dollar per
3419 annum, for the purpose of defraying any of the costs and
3420 expenses of the district, including, but not limited to,
3421 maintenance, repair, and operation of the projects of the
3422 district, costs incurred in connection with the financing of
3423 district projects, and costs of administration.
Sounds like they can add a 'maintenance' tax on everything to help pay the bills too...
ctrlaltdel
Well-Known Member
I fully admit I'm not a fan of the guy's politics, but also surprised at just how cutting off the nose to spite your face this whole thing is. Especially now that we are about 1000 news cycles from the inciting incident. Really speaks to a profound lack of good judgement from DeSantis, who could have had his pound of flesh for his base while winking to Disney and keeping the good thing the state has going from the huge amounts of tax revenue they receive.
The funniest part of all this is is that RCID exists just so Disney can pay extra taxes for infra improvements/basic gov services/smooth out zoning issues without having to be subsidized (and also be bothered) by other taxpayers. Seems like a conservatives dream scenario honestly.
The funniest part of all this is is that RCID exists just so Disney can pay extra taxes for infra improvements/basic gov services/smooth out zoning issues without having to be subsidized (and also be bothered) by other taxpayers. Seems like a conservatives dream scenario honestly.
Sirwalterraleigh
Premium Member
ppete1975
Well-Known Member
Funny part is any state would give Disney anything and everything it asked for to get them to build disney world there. And yet Florida has them and has profited for 50 years, and built an entertainment empire which has built alot of florida. Now all of a sudden they want to rescind everything and say we want to do it our way.
I had always assumed this was a life time agreement florida had with Disney.
As far as Disney is concerned a normal company could pack up and move to another state that is willing to give them what they were PROMISED and signed to, but you really cant move Disney World. Im shocked legally, any of this is possible. And all because one little man got mad about Disneys public reaction to a bill. Which should be under free speech.
I had always assumed this was a life time agreement florida had with Disney.
As far as Disney is concerned a normal company could pack up and move to another state that is willing to give them what they were PROMISED and signed to, but you really cant move Disney World. Im shocked legally, any of this is possible. And all because one little man got mad about Disneys public reaction to a bill. Which should be under free speech.
mikejs78
Premium Member
There are other districts with Governor appointed boards, but none with the power to levy taxes.
TheMaxRebo
Well-Known Member
I can't say there are no districts set with the governor appointing the board members but the standard format for a special district is how Reed Creek currently is - with the landowners appointing the members
So fully expect this to go to court as it basically takes away all of Disney's representation (and I seem to recall something from the history books about taxation without representation) which was entitled to them when this was formed (and when it was endorsed, reapproved, etc over the years)
ctrlaltdel
Well-Known Member
Yeah, honestly could be some 4D chess they are doing. But that also assumes that any of their base is still paying attention and cares about this. It mostly seems like theme park fans and political junkies who are keeping up on this. That being said, you can have your mind warped by spending too much time online in political echo chambers, which is most politicians of all stripes these days.
It seems to me, and my first skim-thru that:
1. The district isn't really dissolved. It's "rethemed" ( ) into a more modern district. In a model that probably already exists all over Florida as a supercharged Home Owners' Association. The language, I would guess, is a copy-paste from existing Special Districts. It's duties are basically the same as any district's board/council. The language is almost exclusively about the infrastructure.
2. With the district not really dissolved, then the bond issue is moot. The new district just takes up the role of responsibility of all current and any new bonds. Disney still pays county tax and still pays extra tax to the revised district. So, there is no issue of the counties being stuck with RFID's bond bills.
3. The really big difference from other districts is the governor with approval from the senate chooses the board. We'll see if that passes FL constitutional law.
4. The new board can use their powers to make life hell for Disney. (As any council or even state legislature could for their constituents). The language of the bill provides due process for input to anything the board does, the ability to lodge complaints, and the freedom for everyone to sue everyone else. I'm surprised there is no forced arbitration.
5. The board members have a lot on their plate and no compensation except a per diem. I don't know who would agree to being on the board.
6. The option to go to Federal Court over a 1st Amendment claim is still on the table.
1. The district isn't really dissolved. It's "rethemed" (
) into a more modern district. In a model that probably already exists all over Florida as a supercharged Home Owners' Association. The language, I would guess, is a copy-paste from existing Special Districts. It's duties are basically the same as any district's board/council. The language is almost exclusively about the infrastructure.2. With the district not really dissolved, then the bond issue is moot. The new district just takes up the role of responsibility of all current and any new bonds. Disney still pays county tax and still pays extra tax to the revised district. So, there is no issue of the counties being stuck with RFID's bond bills.
3. The really big difference from other districts is the governor with approval from the senate chooses the board. We'll see if that passes FL constitutional law.
4. The new board can use their powers to make life hell for Disney. (As any council or even state legislature could for their constituents). The language of the bill provides due process for input to anything the board does, the ability to lodge complaints, and the freedom for everyone to sue everyone else. I'm surprised there is no forced arbitration.
5. The board members have a lot on their plate and no compensation except a per diem. I don't know who would agree to being on the board.
6. The option to go to Federal Court over a 1st Amendment claim is still on the table.
Last edited:
flynnibus
Premium Member
Interesting... general obligation bonds they still put to the elected to approve...
3631 full faith and credit of the district is pledged. Except for
3632 refunding bonds, no general obligation bonds shall be issued
3633 unless the issuance thereof is approved by the qualified
3634 electors of the district in accordance with the requirements for
3635 such election as prescribed by the State Constitution, such
3636 election to be called and held in the manner provided in the
3637 State Constitution and Florida Statutes for such elections.
ETA: and revenue bonds will NOT require an election unless backed by the district itself (vs just the revenue souce)
3631 full faith and credit of the district is pledged. Except for
3632 refunding bonds, no general obligation bonds shall be issued
3633 unless the issuance thereof is approved by the qualified
3634 electors of the district in accordance with the requirements for
3635 such election as prescribed by the State Constitution, such
3636 election to be called and held in the manner provided in the
3637 State Constitution and Florida Statutes for such elections.
ETA: and revenue bonds will NOT require an election unless backed by the district itself (vs just the revenue souce)
Vegas Disney Fan
Well-Known Member
Wasn’t the decision to move to Lake Nona partially a response to Disney fighting with CA over Covid policies?
Disney has somehow ended up in 2 of the most hostile states to do business in, at this point they may want to look at land in a new state (preferably purple) and move everything there that isn’t bolted to the ground.
Tha Realest
Well-Known Member
Splash Mountain reopening winter 2024
mikejs78
Premium Member
The powers to tax go well beyond any other special district as well as what is required by the FL constitution.It seems to me, and my first skim-thru that:
1. The district isn't really dissolved. It's "rethemed" (
2. With the district not really dissolved, then the bond issue is moot. The new district just takes up the role of responsibility of all current and any new bonds. Disney still pays county tax and still pays extra tax to the revised district. So, there is no issue of the counties being stuck with RFID's bond bills.
3. The really big difference from other districts is the governor with approval from the senate chooses the board. We'll see if that passes FL constitutional law.
4. The new board can use their powers to make life hell for Disney. (As any council or even state legislature could for their constituents). The language of the bill provides due process for input to anything the board does, the ability to lodge complaints, and the freedom for everyone to sue everyone else. I'm surprised there is no forced arbitration.
5. The board members have a lot on their plate and no compensation except a per diem. I don't know who would agree to being on the board.
6. The option to go to Federal Court over a 2nd Amendment claim is still on the table.
ppete1975
Well-Known Member
5. ME ILL DO IT!!!!!
Ill make my decisions based off of this board... horizons is coming back, dreamfinder and figment ride, and orange bird is getting a fun dark ride.
Surferboy567
Well-Known Member
I thought about this as well.
If this went though as is could they just stop this because they felt like it? I’m not arguing about Splash or any ride in particular DISNEY should have that power to do what they want with their projects not the state.
Andrew C
You know what's funny?
steakhouses every night?5. ME ILL DO IT!!!!!
flynnibus
Premium Member
well lookie here... a pledge by the state to back old bonds...
4504 Section 57. Pledge by State of Florida to bondholders of
4505 district and to Federal Government.—
4506 (1) For all bonds and other obligations issued before the
4507 effective date of this act, the State of Florida pledges to the
4508 holders of any bonds issued under this act that it will not
4509 limit or alter the rights of the district to own, acquire,
4510 construct, reconstruct, improve, maintain, operate, or furnish
4511 the projects or to levy and collect the taxes, assessments,
4512 rentals, rates, fees, fares, and other charges provided for
4513 herein and to fulfill the terms of any agreement made with the
4514 holders of such bonds or other obligations, that it will not in
4515 any way impair the rights or remedies of the holders, and that
4516 it will not modify in any way the exemption from taxation
4517 provided in this act, until all such bonds, together with
4518 interest thereon, and all costs and expenses in connection with
4519 any action or proceeding by or on behalf of such holders, are
4520 fully met and discharged. The State of Florida pledges to and
4521 agrees with the Federal Government that in the event the Federal
4522 Government or any agency or authority thereof shall construct or
4523 contribute any funds, materials, or property for the
4524 construction, acquisition, extension, improvement, enlargement,
[...]
I read this as a pledge that they won't screw with the powers granted to the new district that would impair their ability to do the refunding bonds.
4504 Section 57. Pledge by State of Florida to bondholders of
4505 district and to Federal Government.—
4506 (1) For all bonds and other obligations issued before the
4507 effective date of this act, the State of Florida pledges to the
4508 holders of any bonds issued under this act that it will not
4509 limit or alter the rights of the district to own, acquire,
4510 construct, reconstruct, improve, maintain, operate, or furnish
4511 the projects or to levy and collect the taxes, assessments,
4512 rentals, rates, fees, fares, and other charges provided for
4513 herein and to fulfill the terms of any agreement made with the
4514 holders of such bonds or other obligations, that it will not in
4515 any way impair the rights or remedies of the holders, and that
4516 it will not modify in any way the exemption from taxation
4517 provided in this act, until all such bonds, together with
4518 interest thereon, and all costs and expenses in connection with
4519 any action or proceeding by or on behalf of such holders, are
4520 fully met and discharged. The State of Florida pledges to and
4521 agrees with the Federal Government that in the event the Federal
4522 Government or any agency or authority thereof shall construct or
4523 contribute any funds, materials, or property for the
4524 construction, acquisition, extension, improvement, enlargement,
[...]
I read this as a pledge that they won't screw with the powers granted to the new district that would impair their ability to do the refunding bonds.