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by 8note 1515 days ago
Are they actually going to collect those taxes though?

I think it's most likely that the services will just disappear

2 comments

I've had a difficult time trying to find any context on that part of the ledger for this decision. Most of the stories I've seen are slanted in a partisan direction.

From what I can surmise from this link [1], it sounds like the plan is to create new taxes for it. Here's a snippet from that article:

> Fine acknowledges that the local entities where Reedy Creek lies will pick up the Reedy Creek's debt once the district is dissolved, but says those local governments can create Municipal Service Taxing Units (MSTU) that would also "pick up the revenue that would be going to pay for the debt." He insists that "There's no impact to taxpayers."

[1] https://www.foxbusiness.com/politics/disney-stripped-special...

The debt won’t disappear. The taxpayers will have to pick that up.