Gov. Ron DeSantis on Friday signed a bill aimed at dissolving a special taxing district that has granted Walt Disney World unique self-governing powers for more than five decades, even as a leading bond-rating agency cautioned investors about the proposed changes. The bill (SB 4-C) targets the Reedy Creek Improvement District, which encompasses about 25,000 acres in Orange and Osceola counties on property in and around the “most magical place on earth.” The district has authority over issues such as land use and provides traditional functions of government, including fire protection and wastewater services.
Gov. Ron DeSantis on Friday signed a bill aimed at dissolving a special taxing district that has granted Walt Disney World unique self-governing powers for more than five decades, even as a leading bond-rating agency cautioned investors about the proposed changes. The bill (SB 4-C) targets the Reedy Creek Improvement District, which encompasses about 25,000 acres in Orange and Osceola counties on property in and around the “most magical place on earth.” The district has authority over issues such as land use and provides traditional functions of government, including fire protection and wastewater services.