DeSantis Signs Anti-Disney Bill Which Is Expected To Raise Local Property Taxes By 20% To 25% [VIDEO]

Orlando’s ABC News affiliate reports:

Gov. Ron DeSantis signed the bill to dissolve Disney’s Reedy Creek Improvement District on Friday afternoon. The state House passed the measure on Thursday. Orange County Tax Collector Scott Randolph said dissolving the district could be a massive financial burden for taxpayers.

“The moment that Reedy Creek doesn’t exist is the moment that that those taxes don’t exist,” Randolph said. “You’re literally taking $163 million a year of taxes that Disney pays for Reedy Creek and wiping it down to zero.”

“I don’t see that Orange County doesn’t raise property taxes by 20% to 25%. That’s what Orange County would probably have to do to cover this financial situation.” Orange County Mayor Jerry Demings said if this moves forward, it will be catastrophic for the budget.

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