Disney special district: Florida taxpayers could face $1 billion debt bomb if it’s dissolved

  • The Florida legislature on Thursday cleared a bill that would dissolve Disney’s special improvement district, effective June 2023.
  • If the special district is eliminated, Orange and Osceola counties would have to provide the local services currently provided by the special district.
  • Legislators and tax experts warn the bill creates an even larger potential problem for taxpayers in the form of bonds totaling more than $1 billion.

Source: Disney special district: Florida taxpayers could face $1 billion debt bomb if it’s dissolved