Special District Chopping Block

What is happening? Special Districts are on the chopping block. A skeptical eye has always existed for special districts. Special Districts with really good tax breaks even more so, because that’s less state revenue. The leading narrative is because Disney spoke out against the “Don’t Say Gay” Bill. Free Speech does apply to corporations, especially considering Citizens United.

Why is this important? Florida Legislature is voting to remove the Reedy Creek Improvement District that allowed Disney to operate nearly freely of the state.

How will this be important? First Disney, next up any other business with a sweet tax deal situated in a very conservative state that likens these to corporate subsidies.

@NBCOUT

NYTimes | Disney to Lose Special Tax Status in Florida Amid ‘Don’t Say Gay’ Clash