The Sunshine State Govwrnor says there’s a new sheriff in town.
Speaking to reporters in Ocala, Florida, Governor Ron DeSantis confirmed that the Walt disney Company would no longer enjoy the tax benefits of self-governmen; “Disney is gonna pay its fair share of taxes and Disney is gonna honor the debt. … This is obviously now going to be controlled by the state of Florida,” the governor said. “So, there’s a new sheriff in town.”
From Fox Business:
These remarks come as a new bill released this week put the entertainment giant’s district, the Reedy Creek Improvement District, under the control of DeSantis and legislative leaders.
The bill prohibits anyone who worked or had a contract with a theme park or entertainment complex in the past three years, or their relatives, from serving on the revamped district’s board of supervisors.
In addition, under the bill, DeSantis appoints the five-member board of supervisors to the renamed Central Florida Tourism Oversight District instead of Disney. Restrictions would be placed on the district’s autonomy, and it would be unable to adopt any codes that conflict with state regulations.
Critics of the move have said the bill’s board limitations would eliminate those with expertise in the field.
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Returning Disney CEO Bob Iger will face the company’s shareholders Wednesday afternoon amid a firestorm of upcoming financial and board decisions. Wall Street traders and Disney investors will get a look at the entertainment conglomerate’s fourth-quarter results after the market closes.
Watch the clip above. More over at Fox Business.
DESANTIS VS. DISNEY: The Florida House on Monday proposed an overhaul of the Reedy Creek Improvement District that would give power to Gov. Ron DeSantis. https://t.co/GiGEb0Iljp
— FOX 35 Orlando (@fox35orlando) February 7, 2023