The Republican-majority State Senate in Florida passed a bill on Wednesday to dissolve the special tax district status enjoyed by Walt Disney Co. (NYSE:DIS) in the area around its Orlando theme parks.
What Happened: The Senate voted 23-16 on the measure advocated by Florida Gov. Ron DeSantis, who called on the legislature to bring about the “termination of all special districts that were enacted in Florida prior to 1968, and that includes the Reedy Creek Improvement District.”
