Florida Gov. DeSantis Signs Bill to Dissolve Disney World’s Private Government

Florida Gov. Ron DeSantis on Friday signed a legislature-passed bill to dissolve Walt Disney World’s self-governing status in central Florida. The law would eliminate the 55-year-old Reedy Creek Improvement District and several similar districts by June 2023. The measure allows those districts to be reestablished under circumstances. It could have significant tax implications for Disney, which operates a series of theme parks in its 25,000-acre district. ‘Don’t worry, we have everything thought out,’ DeSantis said during a press conference in Hialeah. ‘Don’t let anyone tell you that somehow Disney is going to get a tax cut out of this, they’re going to pay more taxes as a result of that.’ It came after Disney issued a critical statement about a DeSantis-backed bill, the Parental Rights in Education bill, that prohibits teachers from instructing about sexual orientation and gender identity topics to children under the third grade. Proponents of the measure said that teaching young children about such topics is inappropriate and tantamount to grooming.”

Florida Gov. DeSantis Signs Bill to Dissolve Disney World’s Private Government (theepochtimes.com)

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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