Disney tells investors it is business as usual in the Sunshine State, despite feud with governor and lawmakers.
The Republican governor responded by seeking to tarnish Disney as"woke," and moved to end the special status that allows the resort to effectively run as its own municipal government on the 39-square mile property it owns, called the Reedy Creek Improvement District.
As a result, the bid to disband the special tax district in Orange and Osceola counties would break an agreement made by Florida when it created the district in 1967, the company signaled. Florida is contractually obligated not to get involved with the district until the bond debt is paid off, Jacob Schumer, a municipal attorney with Maitland, Florida, law firm Shepard, Smith, Kohlmyer & Hand, told CBS MoneyWatch.
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