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

[Brian]

As is your right to do so, it doesn't mean others can't disagree with your position

I never said nobody can disagree. This is a discussion forum, I welcome it.

I mind tremendously the implication that disagreement with Disney's actions leading up to DeSantis' retaliatory action means I am OK with said (retaliatory) actions, or worse, that I don't recognize or cherish the right to free speech in the United States.

 

[Fordlover]

Universal, Apple, Starbucks, Hilton, Hyatt, and over 100+ businesses all weighed in on this “political matter.”

Good for them.
I'm not a shareholder of those companies. But I am of Disney. So when the the company makes a step that affects the stock value, it affects me. Thus I am not impressed when they commit an unforced error. Especially when they have fiduciary duty to me.

 

[LAKid53]

I can't speak for others, but I have criticized Disney's statement against the parental rights legislation. Just because Disney has the right to speak without fear of retaliation doesn't mean they should.

That's bullocks. The 1st Amendment not only GIVES us the right to speak out against the actions of government, but James Madison and the other members of the Constitutional Convention EXPECTED citizens to do so. As they had done.

 

[LAKid53]

WDW paid $1.1 Billion in local and state taxes in 2022.

On top of that, they then paid hundreds of millions to RCID for the infrastructure on their property which they own with almost no help from the county and state to whom they paid $1.1 Billion in local and state taxes in 2022.

Is that how you define "sweet deal"?

And in all of this, the state hasn't rescinded the $586 million tax incentive provided to TWDC to move WDI to Central Florida.

 

[LAKid53]

Here's a fun one.

The Wedding Pavilion. Which while TINY, still has to pay about $100k in property taxes for 2022.

View attachment 714144

You really are enjoying going through the Orange County Tax Collector's tax rolls.

 

[mkt]

You really are enjoying going through the Orange County Tax Collector's tax rolls.

I find it fascinating.

 

[flynnibus]

It's interesting, would TWDC paid more taxes with RCID or less taxes with RCID?

Its sure sounding like the answer will depend on what side of the fight you are on.

Why are you not listening to the answers to your own questions.

When you ask about TAXES - there is no 'it depends'. If you want to talk about OTHER THINGS... there is interpretation. But you're asking about taxes and then closing your brain to simple answers.

if I have get taxed for my property by GroupA... and then also get taxed on that same property by GroupB

Will I pay less taxes if GroupB didn't exist? This is not a complex question.

 

[mkt]

I believe Disney and the board should be focused on their fiduciary duty to the shareholders, and I don't believe that weighing in on political matters falls within that duty.

As a long time shareholder of TWDC, I disagree.

I want to feel represented by the company that I am not only a consumer of, but am a shareholder of.

 

[Disstevefan1]

You might as well say the truth is meaningless to you. Which seems to be the case. You’ve been provided this information multiple times.

In all honesty, there was a while I was not reading the post in this thread. Thats on me.

I thank you very much for setting me straight.

It's just NOW THIS MOMENT I am finding out, thanks to you telling me, that TWDC paid MORE TAXES under RCID.

Frankly, I would not have imagined that.

Again, thank you.

It's a shame Florida will lose the tax income.

 

[mmascari]

The entry road to Typhoon Lagoon - a strip of pavement - pays $200k

Looks like half of that is to RCID. That's probably just break even on the snow plowing expenses.

 

[mkt]

if I have get taxed for my property by GroupA... and then also get taxed on that same property by GroupB

Will I pay less taxes if GroupB didn't exist? This is not a complex question.

 

[LAKid53]

Really? Mutually exclusive? Seems like a partisan take.
I believe Disney and the board should be focused on their fiduciary duty to the shareholders, and I don't believe that weighing in on political matters falls within that duty. Especially when it could be perceived to alienate parents of young children, their target audience for the parks, thus negatively hitting the bottom line.
I believe retaliatory behavior from those in government is inappropriate.

You'll be highly disappointed, then, to learn that many corporations "weigh in" on political matters. That's the very purpose of lobbyists who get paid millions to do so.

 

[mikejs78]

That's bullocks. The 1st Amendment not only GIVES us the right to speak out against the actions of government, but James Madison and the other members of the Constitutional Convention EXPECTED citizens to do so. As they had done.

I think @Brian and @Fordlover are saying they disagree with Disney's statement either because they agreed with the legislation or they thought it was better for Disney as a company if they hadn't spoken out (not in terms of government retaliation, but in terms of alienating some customers). I don't agree with either of those premises, but I think that holding those views and still being against government suppression if speech is possible.

 

[LAKid53]

I find it fascinating.

Good. Can I send you my bill for next year's taxes?

 

[mkt]

Good. Can I send you my bill for next year's taxes?

No hablo ingles.

 

[Brian]

I think @Brian and @Fordlover are saying they disagree with Disney's statement either because they agreed with the legislation

Speaking for me (and not @Fordlover): A little bit of this, but I'd really rather not rehash that argument. Anyone who wishes to discuss it is welcome to PM me.

or they thought it was better for Disney as a company if they hadn't spoken out (not in terms of government retaliation, but in terms of alienating some customers).

A whole lot of that.

 

[Disstevefan1]

if I have get taxed for my property by GroupA... and then also get taxed on that same property by GroupB

Will I pay less taxes if GroupB didn't exist? This is not a complex question.

I will admit I do not understand. Are you saying TWDC is getting taxed twice?

 

[UNCgolf]

I will admit I do not understand. Are you saying TWDC is getting taxed twice?

Technically no, since the taxes are going to different places, but essentially (and for the purposes of this conversation) yes. They are already paying all the same taxes they would pay if RCID didn't exist, while also paying additional taxes to RCID.

 

[mkt]

I will admit I do not understand. Are you saying TWDC is getting taxed twice?

WDW is getting taxed more than once, yes.

The only difference is that in Florida, the county tax collector collects and distributes those tax bills. So we can find out how much is paid/owed and to who it's distributed afterward.

 

[LAKid53]

In all honesty, there was a while I was not reading the post in this thread. Thats on me.

I thank you very much for setting me straight.

It's just NOW THIS MOMENT I am finding out, thanks to you telling me, that TWDC paid MORE TAXES under RCID.

Frankly, I would not have imagined that.

Again, thank you.

It's a shame Florida will lose the tax income.

It's a shame that the company responsible for a $72.5 BILLION economic impact and 400K jobs to Central Florida will be punished. Actually, it's outright stupid.