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

[mkt]

They wouldn't have to increase taxes at all because they're gaining Walt Disney World as a taxpayer.

Every dollar Disney currently pays to RCID that RCID uses to provide services will now be paid to Orange County for Orange County to provide services.

Disney is already an orange county taxpayer.

 

[Surferboy567]

One thing to consider is WDW unlike DL can handle larger courses. Within DL / CA a 5k course would be about it. Within WDW parks 5K and 10K courses could fit and not impact county or state roads. For the Half and Full Marathon distances then coordination and approval w county and state would be needed. I do not believe situation w the local and state authorities will deteriorate as they have in Anaheim.

I hadn’t considered that. Makes sense. Would they even bother though without a half marathon?

Probably, I just don’t want to lose runDisney.

EDIT: I’m fully aware though this is a small issue in the grand scheme of things.

 

[Mouse Trap]

We are about to see Disney get on its knees. This is probably the first of several big moves by our Florida Governor, Ron DeSantis. The sweetheart tax break deals will be on the table next.

"You poke the bear... You get the claws!" If for some reason Disney CEO, Bob Chapek did not perceive DeSantis as a bear... that's on him.

I'm dying

Referring to DeSantis as a "bear", with the bill that started this whole mess in mind, is too funny and this guy has no clue.

 

[Horizons '83]

Outside of the political theatre here, can anyone help me on the why in all of this. How does this benefit the State?

 

[lazyboy97o]

They wouldn't have to increase taxes at all because they're gaining Walt Disney World as a taxpayer.

Every dollar Disney currently pays to RCID that RCID uses to provide services will now be paid to Orange County for Orange County to provide services.

This has been explained to you repeatedly. Walt Disney World already pays taxes to the counties. The extra taxes can’t just become special Walt Disney World taxes imposed by the counties.

 

[the_rich]

Outside of the political theatre here, can anyone help me on the why in all of this. How does this benefit the State? Who does it benefit other than Ronnie?

No one. It actually hurts the state and the people who live in the counties effected.

 

[lazyboy97o]

Oh, now I understand, I misread your last comment.

The question is though, would the state be willing to allow them to close such roads?

It wouldn’t be up the the state. It would be up to the local jurisdictions that acquire the roads, which could end up being Bay Lake and Lake Buena Vista.

 

[mikejs78]

They wouldn't have to increase taxes at all because they're gaining Walt Disney World as a taxpayer.

Every dollar Disney currently pays to RCID that RCID uses to provide services will now be paid to Orange County for Orange County to provide services.

Why do you keep saying this? It isn't true. Disney already pays taxes to the counties. They would not be able to be charged additional taxes.

 

[AEfx]

This has been explained to you repeatedly. Walt Disney World already pays taxes to the counties. The extra taxes can’t just become special Walt Disney World taxes imposed by the counties.

Of course they can, if they rely on size/revenue/etc. - just set the barrier up high enough so that it affects Disney and not anyone else, as they clearly have the most land/make the most money.

 

[CaptainAmerica]

Disney is already an orange county taxpayer.

You know what I mean. RCID's 2021 revenues were about $150 million and their expenditures were about $150 million.

As a result of this change, Orange/Osceola County revenues will increase by about $150 million, and their expenditures will increase by about $150 million. Literally nobody is financially worse off from this deal.

Outside of the political theatre here, can anyone help me on the why in all of this. How does this benefit the State? Who does it benefit other than Ronnie?

In practice, it's almost entirely a nothingburger. It doesn't really help or harm anyone.

 

[GimpYancIent]

I hadn’t considered that. Makes sense. Would they even bother though without a half marathon?

Probably, I just don’t want to lose runDisney.

EDIT: I’m fully aware though this is a small issue in the grand scheme of things.

Definitely do not want to lose runDisney! Deep down inside I still hold out hope for a return to the Coast-to-Coast Challenge. The future looks bleak for such a return but Hey! a person can always wish.

 

[mikejs78]

Of course they can, if they rely on size/revenue/etc. - just set the barrier up high enough so that it affects Disney and not anyone else, as they clearly have the most land/make the most money.

They can't just do that. The counties are bound to strict criteria in how they levy property taxes.

 

[the_rich]

You know what I mean. RCID's 2021 revenues were about $150 million and their expenditures were about $150 million.

As a result of this change, Orange/Osceola County revenues will increase by about $150 million, and their expenditures will increase by about $150 million. Literally nobody is financially worse off from this deal.


In practice, it's almost entirely a nothingburger. It doesn't really help or harm anyone.

You keep leaving out the 2 billion in bonds that would now fall on the counties to pay. Hence everyone who lives in those counties will see their property taxes rise.

 

[CaptainAmerica]

Why do you keep saying this? It isn't true. Disney already pays taxes to the counties. They would not be able to be charged additional taxes.

Brother, what are you talking about?

Disney currently pays $150 million of property taxes to RCID. If RCID goes bye-bye, Disney is just going to pay the same $150 million to Orange and Osceola Counties, in addition to what they already pay.

 

[mikejs78]

As a result of this change, Orange/Osceola County revenues will increase by about $150 million, and their expenditures will increase by about $150 million. Literally nobody is financially worse off from this deal.

That's also not true. The taxes don't just flow to the counties if RCID is dissolved. Counties have strict guidelines as to how taxes are assessed, and that doesn't change if the district is dissolved.

The money RCID collects will not go to the counties.

 

[mikejs78]

Disney currently pays $150 million of property taxes to RCID. If RCID goes bye-bye, Disney is just going to pay the same $150 million to Orange and Osceola Counties, in addition to what they already pay.

This is wrong. Disney is assessed based on the value of their property by the counties - same as any other property owner. The counties can't raise the taxes on Disney (without raising the taxes on other businesses) and they can't do it by more than 10% / year. Reedy Creek is a seperate entity and therefore can levy it's own taxes in addition to the county taxes, not instead of. If the district goes away, those taxes go away and Disney keeps that money.

 

[Tom P.]

Why does everyone keep debating this as though there is even a slight chance of it actually happening? RCID is not going anywhere. It's not going to happen. There is not even a 0.001% chance of this actually taking place, regardless of what DeSantis and the legislature do over the next 24 hours.

 

[CaptainAmerica]

That's also not true. The taxes don't just flow to the counties if RCID is dissolved. Counties have strict guidelines as to how taxes are assessed, and that doesn't change if the district is dissolved.

The money RCID collects will not go to the counties.

You're right, Ron DeSantis has pushed this legislation as a way to provide Disney with a $150 million annual windfall. And Disney is deeply opposed to it because they don't want a $150 million annual windfall.

 

[Sirwalterraleigh]

To be fair, no one is really missing most of the lost recent projects. If that hotel went up, it would have been an eye sore on Downtown Disney.

But not enough hotel space is a very frequent complaint in Disneyland…no?

 

[Stevek]

HAHA - Buddy moving to Winter Park in Orlando - had to offer 500K above asking! Yea...noone wants to move to FL! I live in Dallas...it's even worse! No-one wants to live in blue states anymore!

Born and raised in Southern California. Love it here. May not love our governor but love the state.