ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
A lawsuit against Florida Gov. Ron DeSantis over a new law he championed to dissolve a handful of special districts in the state -- including Walt Disney World’s (NYSE: DIS) Reedy Creek Improvement District -- has been quite the ride for Central Floridians.
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DeSantis signed a bill into law in April that will dissolve Disney’s Reedy Creek district by June 2023, which has led to experts speculating potential tax burdens that could fall on residents of both Orange and Osceola counties -- estimated at more than $1 billion in total debt and costs.
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That was followed by a lawsuit filed by Osceola County residents Michael, Leslie and Eduardo Foronda, and Orange County resident Vivian Gonzalez on May 16. That lawsuit names DeSantis, Florida Department of Revenue Executive Director Jim Zingale and former Florida Secretary of State Laurel M. Lee as defendants.
Click here to read the full story on the Orlando Business Journal’s website.
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