Florida Gov. Ron DeSantis signed into law two bills targeting The Walt Disney Co. on Friday, eliminating the company’s special Reedy Creek district and stripping its exemption from the “Big Tech” social media bill.
Despite warnings from Orange County, Florida leaders and other experts that dissolving the district would cause financial chaos, raise local taxes and affect services, DeSantis insisted that “we’re going to take care of all that.”
“Don’t worry, we have everything thought out,” DeSantis said at a press conference in Hialeah. “Don’t let anyone tell you that somehow Disney is going to get a tax cut out of this, they’re going to pay more taxes as a result of that.”
