Florida Gov. DeSantis signs bill placing Disney district under state control

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Florida Gov. DeSantis signs bill placing Disney district under state control
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“Today the corporate kingdom finally comes to an end,” DeSantis said at the bill signing ceremony.

, which bars teachers within the state from discussing gender identity or sexual orientation with students below fourth grade.Disney World will no longer control the special tax district.The bill left the district’s debt obligations and other financial structures intact. DeSantis vowed at a press conference earlier this month that the changes would not result in any additional tax burden for Floridians.

The pledge came after some critics had suggested the overhaul would shift Disney’s debt obligations to tax payers.“Disney’s going to pay its fair share of taxes and Disney’s going to honor the debt and that’s exactly what this proposed piece of legislation will do,” DeSantis said. The changes to its special tax district mark another setback for Disney, which is in the midst of a turnaround effort under CEO Bob Iger. The company recently announced a major cost-cutting plan that included 7,000 layoffs.Disney is also facing pushback from its corporate staffers over Iger’s mandate that they return to the office at least four days per week.

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