The district is also exempt from building codes and permit requirements that would be present in the counties next door.ĭavid D. This includes roads, utilities, even fire departments. The district itself has the ability to levy ad valorem taxes at a higher millage rate than the neighboring counties and to issue bonds to fund construction and other kind of projects within the boundaries. Stewart: Now, specifically talking about Disney's special tax district, the Reedy Creek Improvement District, when was it created? Why is it there? What does operating as a special tax district allow Disney to do?īenjamin Valdez: The Reedy Creek Improvement District was created by lawmakers in the state in 1967 after Disney made a proposal to build a huge recreational site to contain Walt Disney World on roughly 25,000 acres of land on Orange and Osceola counties.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |