By transferring Disney's debt to the local communities . . .
From report today on this action
"Essentially, Disney will lose some control of its property, and get a $163 million per year tax break and ~$1 billion of debt passed onto taxpayers."
Thanks. I haven't seen a summary this good any place. Now if property taxes are like any place else I've ever lived the taxing authority could still manipulate individual taxes by playing with the valuations. Most places I've lived taxes were county-wide. Here in New England most towns levy their own taxes. And even at that micro-level there are still properties in and out of favor.
By transferring Disney's debt to the local communities . . .
From report today on this action
"Essentially, Disney will lose some control of its property, and get a $163 million per year tax break and ~$1 billion of debt passed onto taxpayers."
Thanks. Can you include the link?
ЁЯз╡: ThereтАЩs a lot of misinformation and confusion about what the end of DisneyтАЩs Reedy Creek district means for the company and for taxpayers.
HereтАЩs what I know, after talking to lobbyists, lawyers and tax officials: https://t.co/gllnJVvKqL
Thanks. I haven't seen a summary this good any place. Now if property taxes are like any place else I've ever lived the taxing authority could still manipulate individual taxes by playing with the valuations. Most places I've lived taxes were county-wide. Here in New England most towns levy their own taxes. And even at that micro-level there are still properties in and out of favor.