If Disney 'colors outside the lines' amid self-governing status there may be consequences from the Florida legislation, Chief Financial Officer Jimmy Patronis said
Florida Chief Financial Officer Jimmy Patronis provides insight into Disney’s special district and the baby formula shortage in the U.S.
Meanwhile, the Reedy Creek Improvement District is a special taxing district where Disney acts with the same authority and responsibility as a county government. The Reedy Creek Improvement Act was signed into law in May 1967 by Gov. Claude Kirk in response to lobbying efforts by Disney.The Reedy Creek Improvement District is set to dissolve in June 2023, but it's still unclear who will assume control and who will be responsible for the jurisdiction's roughly $1 billion in debts.
Florida Chief Financial Officer Jimmy Patronis told FOX Business that Disney’s ‘on probation’ amid DeSantis' idea to repeal Reedy Creek Improvement Act. FOX Business’ David Asman asked Patronis how Florida taxpayers can avoid getting a bill for the Reedy Creek Improvement District's roughly $1 billion in debt.
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