I live up north. For 5 years I saved to send my daughter and grandchild to Disney ( off season ). Every year they raised the price beyond my savings. Finally she got married so I put money there. I was able to pay for the wedding, reception and honeymoon for less than the Disney trip.
@@JasonTaylor-po5xc funny how u mention homeowners insurance...I bought car insurance from the Hartford and they being based out of Connecticut were in the state of extacy talking to me because I live in heaven (Central Florida) and according to them all I do is party and go to Disney and never work..I called Hartford again because I wanted to bundle my homeowners insurance with my car. insurance ...they said they don't write homeowners insurance policies in Florida...I told them how ironic is that when u sold me car insurance u acted like lived in a constant state of extacy and everyday was a combination of sex drugs and rock n roll...now all of a sudden u can't write a homeowners insurance policy in Florida?....I thought I I lived in heaven ...they were at a loss for words...in reality alot of companies have left Florida...last year I got a good deal from Farmers but I'm bracing for the worst when I have to renew in July...my friends don't sound reassuring either..
I had a 90 year old house in Jacksonville, bought when it was 55-60 years old, for 2 DECADES I had insurance on it with State Farm as a rental property (as I was living out of state). When I moved back in and wanted to change it back to a regular homeowner's policy...State Farm said sorry, we aren't writing new homeowner's policies. They also had my car insurance, but if they wouldn't insure my house, they wouldn't get my car. Due to the age of the house, and the age of the roof, only 1 company would insure me. Insurance for the time I owned the house, before selling, was $2400/year (in the early 2000s). Talking with insurance agents, and watching trends I have come to some conclusions: A.) Insurance companies are responsible for the steep roof angles on new Florida homes (more hurricane tolerant). B.) After balking at insuring houses with roofs over 25 years old, insurance companies have been pushing for roofs to be regularly replaced at more frequent intervals. Currently the unofficial age is about 20...and within a few years it will be 10 years. Of course, that assumes there are any insurance companies still writing policies in 5 years. One big hurricane and they will leave. Car insurance is almost as ridiculous, depending on where you live.
Disney forgot. Disney is in Florida, Florida is not in Disney. As far as them “moving” anything. Never would happen. Part of the experience is that it is actually in Florida. Disney also seems to forget, Florida re opened first in 2020. Which allowed them to make $$$. Vs Disneyland in Cali closed until 2021. Wouldn’t affect me moving there at all. It’s about time Disney pays more taxes.
It already pays more than Amazon, any of, Elon Musk, Jeff Bezos, companies. I would think they'll pay a lot less tax as a company since corporate taxes are so low.
Yes thanks Ken! Also a potential future buyer and everything going on from the cost of homes, building delays, and tax implications will all be taken into consideration if we decide to make Florida our home. I have been following Ken’s videos for quite awhile and he always has good information. 👍
Ken--man you are so very consistent and concise. I love how your videos are clearly stated with the human kind approach. It'll be interesting what happens, if any thing. Happy selling to you and your team!
This is the most honest assessment. Even for someone invested in Disney. Thank You for the honesty. Yes Disney pays a lot in taxes. Except. Universal Studios and Sea World’s property is accessed at their true value. The Orange County accessor is already recalculating the true value of Disney’s property. Disney will then be taxed at the same rate as Universal Studios, Sea World and all other property owners in Orange County. Yes Orange County will take over the utilities, fire, police and the paramedics. Just as Orange County does for all property owners. Disney will have to pay almost three times what they are paying in taxes. All property owners will pay equal taxes. Next is the tax free bonds. The bonds were sold to Disney and a few friends. This type of bond was created to build low income rental apartments. Disney used this money to build 2 luxury resorts (their isn’t any low income apartments in these resorts). This is an illegal fraud. Instead of paying for the resorts. Disney and a few special friends bought these high interest tax free bonds. Disney got away with it because they are there own government without any outside oversight. When Reedy Creek is dissolved. Disney will be forced to pay off the 2 tax free bonds or face huge (really big) civil fines and criminal charges for everyone who bought these bonds. These fraudulent bonds won’t cost Orange County property owners nothing. Orange County will receive a windfall. Everyone believes that Disney is good, their is a dark and evil side of Disney. I DARE ANY PRO DISNEY PERSON TO RESPOND AND PROVE ME WRONG. IF ANYONE CAN PROVE ME WRONG I WILL PAY THEM $5,000.00.
Thank you for the great and detailed explanation of the situation. Without the politics and emotional slant, it really helps understand more about what's going on. I had no idea there were so many similar districts here in Florida. And I love your background items on the wall!
Thank you Ken. Whenever anyone posted on a forum or article it always went toward politics and would get shut down. Nobody was providing facts and relevant information.
You managed to tell the audience the facts, the possible implications, and likely outcomes…all without showing a reckless bias for one side or the other and you even succeeded in not calling people names…Not only the 🐐 of real estate, but maybe the news?! KPN, I like the ring of that haha
I tried to tell people it was a dumb idea and just lets Disney off on a lot of paying for services. I was automatically a groomer for taking Disney's side. The counties will have to pay. Unfortunately those counties are big Dem areas. Dems make working economic zones and GOP goes around zone and makes horrible economic impact. They then blame Dems when someone tries and manage it.
I disagree with your assessment. He left out important information for prospective families or those couples looking to raise kids in the future as home owners in Florida. The state of Florida is pro-family, pro-parental rights, and pro-kids. Disney may be showing its true colors (or perhaps purposely misinformed) by opposing the legislature and wanting to use its monetary power to change the government. That threat cannot be ignored. Once again, our governor has come to the rescue of the people, families, and kids he and his administration govern. A government that defends kids from being taught by sick adults about sexual orientation before they are in the 4th grade is admirable. Deranged adults engaged in such behaviour (teaching sexual orientation to little kids) are reprehensible and Disney supporting these adults is unimaginably sick. A government that protects families has got to be an attractive point to so many potential home buyers. I truly hope Disney chooses to be on the side of families and kids who love their products and services.
Reedy creek fire department is severely understaffed. RCFD is always calling mutual aid to Orange County Fire Department for assistance. Which is increasing the response times for Windermere and Horizon west taxpayers already.
I have a friend who is an Oceola firefighter and they are also dealing with being understaffed/stretched thin and most likely reedy creek fire would become part of Oceola so definitely won’t be improving.
I don't know about how FD's work where you are, so don't take this as me rolling my eyes at you. Where I am, it's SOP for both paid and volunteer departments to call neighboring departments for mutual aid on every call that involves more than a single station (i.e. one engine and one support unit), if for no other reason as to have local units in reserve to command incidents within the jurisdiction since they are more familiar with the infrastructure, hazards, and properties in question. Once the OIC or the preplan calls for a second assignment, mutual aid is dispatched, even if it's just a standby. The other thing that I think we have all experienced is the severe lack of personnel available at our station houses. I have heard that RCID is understaffed, but I don't know how hard they are trying to staff up. Where I am, it's tough to recruit.
Great video Ken! It’s going to be interesting how this plays out, and if this political fog will spook investors in the short term causing them to sell before the tax burden potentially wipes out cash flow. I imagine this will cause people to give second thoughts to homes in other areas… bringing more demand to areas like Clermont, Lake Mary, Sanford and Winter Haven where property values are comparatively lower and so are property taxes.
Disney needs to just stay out of Family politics, stay in their lane, entertain, that's all. Disney keep their rights and just stay out of politics. Nobody wants them to be punished but most people with kids don't want Disney trying to indoctrinate the California "valueless" values.
Thank you for being honest and not so political. And I think you are correct about Floridaians NOT HAVING to pay more taxes cause it just does not make any sense. Disney is just loosing it's tax free advantage Which is a major blow. The ability for these Tax privileged special districts to SET THEIR OWN TAX means they never actually pay THEIR OWN TAXES. They set an extremely high tax (3x tax or more) on Consumers so each transaction pays Florida's 6.25% state tax plus another 12% or more For Disney's maintenance fees. Essentially each transaction pay ITS OWN TAX Plus alot more.Why do you think everything Disney sells on its property is INSANELY EXPENSIVE. Now with this privilege gone they're just gonna shell out more taxes and NOT BE ABLE TO COLLECT TAXES from businesses in Reedy creek district. Those businesses will be paying taxes directly to Orange/Osceola county.
Unless a small business is set up as a C corporation, Florida does not impose state income taxes on it. That means the S corps, LLCs, and sole proprietorships are tax exempt. For corporations, state taxes in Florida are still low compared to most states.
Florida will be just fine. There are other theme parks in Florida: Universal, Bush Gardens, Legoland and that new mega mall in Miami that's on it's way, beautiful beaches. Disney should have stayed away from politics and stayed neutral. Awesome video as aways!
"Disney should have stayed away from politics" is a really weak view point. Can you name 1 major company that isn't involved in poltics and isn't donating to political parties or non profits? Also dictator desantis was 100% OK with the Reedy creek and Disney's special district. He flip flopped and wasn't OK with it the day after Disney defended gender identity.
@@KenDotCom donating to both political parties is nothing new. You're right. But when you start supporting for children to be indoctrinated with sexual topics at K-3rd grade that's where most sane people draw the line, unless you support that sort of thing, which I hope you don't.
If they were forced to pay more taxes the infrastructure could suffer and eventually lose attendance resulting in bankruptcy or dissolution making the counties liable for maintaining or selling the properties. Either way the county residents are going to wind up footing the bill. Dumb move department. Don't bite a gift horse in the mouth.
@@edc6644 Resort guests already pay an Orange County Accommodation Tax, a Florida State Accommodation Tax, and an Orange County Tourist Development Tax. On my most recent trip to WDW these charges came to about $50/day.
Disney does not have their own Polic. Reedy Creek does not have Police. What Disney has for Law Enforcement is..... Some weird thing with Orange County. They have a sub station staffed with off duty deputies. Similar to a night club.
One point: Reedy Creek does not have police powers. They have security, but a county sheriff's station on the property provides actual police services. (IIRC, Disney pays for the service, but the power comes from the county, Orange county I believe.)
Disney put their foot into it and now will have to pay. When Eisner took over as CEO the pay for employees never kept up will cost. Rick Singh tried to reasses their property taxes. Screw them..
Let’s be honest…. Disney has done a fabulous job of managing themselves within their Reedy Creek District. Of course it makes sense they asked for this special privilege when they started building the Walt Disney World Resort. They are a modern marvel and showed how to build an infrastructure and do it very well. I worked for WDW for 18 years and first visited as a child in 1976. I have seen the company grow and grow. It’s a joke that anyone would suggest moving WDW out of state. People saying that are clueless as to what WDW means to so many people all over the world. It is HOME to so many people, including me. I am sickened that this whole situation is going on. In my opinion, the company unfortunately has alienated many of its biggest fans. They should have stayed out of the political arena. No one would have been that upset long term if they had remained silent on this issue. Disney has always been supportive of the gay community and people who work there know it. This was just grandstanding on the part of these cast members who twisted Bob Chapek’s arm to speak out. He’s a marketing guy so it makes perfect sense that his first instinct was to say NOTHING.
I worked for Disney for nearly 9 years (until the world ended). I've seen many once-loyal Disney families are doing a purge of their branded stuff, unsubscribing from their services and refusing to vacation with them anymore. So, my concern is mainly with the impacts stuff like that might have to the local economy as well as my Disney stock.
If Florida is going to treat Disney dirty, why would other companies relocate there? Why would companies currently in Florida stay or expand? This culture war driven act was a bad idea that will have ramifications for decades.
No one did “Disney Dirty”. 1. Many people have wanted this dissolved for a long time, many Democrats. 2. Reedy Creek is being dissolved, not Disney. Reedy Creek is supposed to be it’s own entity. Look up how much a business pays in taxes in California Vs Florida. Also, Reedy Creek can still apply to establish a new Special District, just not with the privileges given to them in the 60’s when Disney claimed they were going to build an actual City(a futuristic City of Tomorrow), not just Epcot. I’ll guarantee ALL of Disney’s competition in Florida are happy they’ll have to follow the same rules now.
@@nimblehealer199 Disney disagreed with 70% of Floridians, and said they were against parental rights. The fact is, this had been in the works for years. Disney knew they were on shaky ground, then they made an arse out of themselves.
@@nimblehealer199 ....I've lived here for 20+ years and it's always been a problem on both sides of the aisle. The Florida legislature finally did something about it. Not just DeSantis.
I would recommend checking out Valiant Renegade’s newest video, his guest is a Florida attorney(Legal Mindset) who deals specifically with Bonds and special districts in Florida.
The value assessment battle is funny for me. I'm an appraiser who worked for a county auditor for 6 years. The auditor's staff consists of certified appraisers that get paid the same crappy salary no matter what value they arrive at. The Disney staff consists of a team of lawyers who employ a team of professional appraisers that are motivated by how low they can screw down the value. Middle class residential owners get over-valued because of ignorance, and billion-dollar businesses get under-valued because of the connections afforded them by cheesy law firm. And that's how ad valorem taxation works.
If you don’t have ANY kids, you wouldn’t care how about a 5 year old gets Groomed, cause it’s NOT your kids…. But if you are a PARENT, and someone else tries to Groom to your 5 year old, would you STILL be okay with it???? Pedophiles groom kids sexually, why should ANYONE thinks it’s okay for Teachers to do???? If you support the Groomers, then chances are you have NO responsibility for protecting young children.
We have data for decades; straight white men with Christian backgrounds and families make up 95% of those incarcerated for sexual crimes against children. DeSantis is more likely to commit such crimes than a drag queen or a gay man. The most prolific pedophiles and child pornographers are also of that profile. I'm assuming you fit the profile too.
@@KenDotCom they shouldn't be at all. They should all stick to what they do best. No need to take political stands. Once you take a stand you become part of tribe.
So Ken's stance (an Orlando Real Estate agent) is don't listen to anything on the news and everything is just fine. Keep buying houses in the Orlando area.... You all might want to get your information regarding the Disney issue from someone that isn't selling real estate in that area.
I would recommend checking out Valiant Renegade’s newest video, his guest is a Florida attorney(Legal Mindset) who deals specifically with Bonds and special districts in Florida.
Not police. Security yes but, use sheriff deputies for law enforcement. That is why law breakers end up in Orange county courts. Had jury duty way back when.
I don’t think this guy has been paying attention. There has been a net positive increase in people inflow, which will translate into net positive growth. I have heard some Floridians complain about property prices going up because of the inflow. Disney should not have had that special dispensation for so long. Now Disney will have to play by the rules. Locals will get a net positive. It is called a local sales tax. Yeah, just implement that, and pay for what you need, and then some.
Oh hi. You must be new here. I talk about this all the time. Disney helped generate $408M in sales tax revenue just from their ticket sales in 2019. Yes a ton of people are moving here. What does they have to do with taxes going up to cover Disney’s infrastructure?
They do NOT have their own police force...they have their own unarmed security force, without arrest or detain authority. They have lots of contracted OCSO (both Orange County Sherriff's Office and Osceola) deputies at all parks and resorts and have a special Orange County Sheriff's Office sub station on property.
Thank god! Disney must be held to such low standards but expect to be the arbitator of truth in Florida. This should only be the beginning and hopefully they tighten restrictions on every facet of disney in Florida.
I’m a Disney fan too Ken but this was a really bad move on their part. They brought this on themselves when they allowed woke activists to dictate company policy.
@@tgustafson85 No! What was childish is that Disney thought they were above FL law thinking they could overturn the bill. They had NO business butting in and talking all brazen.
@@floridagirl8540 Disney and any other company or individual has the right to comment on legislation. Per the 1st Amendment, it isn’t against the law to do so. Further, I’d love to hear your explanation how Disney’s position on the “Don’t Say Gay” bill is a valid justification for disbanding the Reedy Creek Improvement District and foisting $1 billion dollars worth of debt and on-going expenses on the shoulders of local residents?
@@tgustafson85 first off it's the Parental Education Rights bill. Second there is nothing that says 100% this will fall on tax payers. Orange County or Osceola County could set up a new special district to allow for the same allocation of funds for reedy creek. The legislation is looking into ways to allow for certain cuts to Disney's allowed tax breaks while allowing them to keep Reedy Creek as well. Also when you speak your first amendment rights that does not come without consequences. Separately, the tax cuts on water and sewer and power that Disney receives as well as the resort tax credits would now go to the appropriate counties. All DVC deeded properties would now be taxed by the appropriate counties. These are details noone seems to think about. It's not all negative. But since everyone takes the first headline they read as gospel no pays attention to the fact that there are a lot of unknowns.
Reedy creek pays taxes to itself. If they now pay taxes to the county, it could be a windfall to the local community. Just like Queens NY is subsidized by commercial real estate in NYC, and taxes are about 800 bucks a year, whereas Nassau County NY taxes are up to $30,000 per year for a single family home. I am LEAVING NY to get away from Democrat waste, crime, corruption and taxes.
It's funny you would say you don't get political because you don't want to alienate 50% of your viewers because that is exactly what Disney did. Disney got political. Thats what is different. They are investing in political power on top of the economic power they have. Glad to see some are paying attention. Disney may be beloved but if they want to play in politics they should have consequences and be held accountable. That "special" exemption needs to go.
@@troyjollimore4100 Don't know...we were talking about Disney not everyone else. Disney is an entertainment business entity not a state or seperate country where they determine government policy.
@@deannaforrest9571 There are several of these ‘self-governing communities’ in Florida. You can’t selectively single one out solely because it takes a stance you disagree with.
@@troyjollimore4100 Are those "self governing" communities under control of a corporation 57% owned by the foriegn government of China? We may disagree on what political stance Disney takes but no business entity especially one owned foriegnly should be determining our political policy.
it's good business for Disney to appear liberal; however, Disney shouldn't be trying to use their influence and power to change Florida. A little negative punishment will keep Disney in their lane. Disney will do nothing to threaten Florida, they can't pack up 30,000 acres and theme parks and leave Florida.
Thank you Ken for your videos! Disney should pay taxes if they don't like they always can move to another state or even country. The only corporation with tax exception. Horrible. Disney has increased prices over the time. So expensive that a regular family may have to think twice before visiting this park. In short is not for every single American family, park, hotel, food and commute. This is not a political decision, this is about they want to be above the law. See what happen just to be above the law. Now they've lost billions.
Incredibly Neanderthal take. Disney is not a charity, demand and supply have gotten messed up in the last 6 years. This is absolutely a political decision, republicans just hate that Disney doesn't agree with them, imagine a world where if a business doesn't agree with the political party they get to take ANGRY actions towards Disney. The only corporation with tax exemption? I hope you are joking, almost every corporation as big as Disney has huge tax exemptions LMAO, every Theme park in the States has tax exemptions. In short, please read a few books and gain more insight before you make baseless claims.
Good, maybe Disney can pay their fair share and contribute to the horrid infrastructure here. Our roads should be made of gold around here by now. Not to mention many of the eyesores around Kissimmee.
Clearly you've never left the state. Florida has amazing infrastructure and roads. Repeating this D.C. bumper sticker simply doesn't make it any more true.
The governor of Michigan here campaign slogan was “Fix The Damn Roads!”. Well whaddya know…they are still garbo. Ken is originally from Michigan…he can tell you all about the roads here.
They can level Disney for all I care. The mouse has lost its luster with a lot of people. Disney pays about one days earnings at the park per year. The Seminole tribe pays Florida about $50,000,000 a year and doesn’t cause traffic jams. Orlando would survive and Florida would definitely survive without them.
They employ a lot of people. It would decimate the Orlando economy and tourists from all over the world come to Orlando specifically for WDW. Universal and Sea World are just sideshows compared to the mouse.
Yes, I-4's major project has been a traffic nightmare for several years now. The express lanes opened, and it's almost completed. Narcoosee Rd. (Lake Nona, where I live) is about to start widening. All the barrels are up, all the sidewalks redone, all the plumbing underneath completed. Now the widening begins. No traffic issues on the Laureate Park side at all.
Not much insight into the tax situation. Ken mentions the possible expenses of a bond, firefighters, police, etc. However, he doesn't mention how that would change Disney's tax burden. It's quite possible that the counties come out on top. If that's possible, then maybe having Orange County vote on it becomes more likely. We need a better good faith discussion around this next time.
Disney is the biggest player in Orlando tourism... but it's not he ONLY player. If Disney moved out or scaled back operations, someone else would swoop in and offer new options to the tourism prospects....
Apparently a bunch of Disney's employees were pressuring the higher-ups to speak out against the bill, so they were stuck between a rock and a hard place: Side with your workers, or with the government? Would end up in bad PR either way.
@@hlavco Disney is an American company. They fight for American values: inclusion, diversity, equality, justice, welcoming. Republicans are anti America.
It means the taxes are going to go kaboom 💥. The good thing is the bill cannot be deleted withdrawn or anything not until Florida pay almost $1 billion out. This was a knee-jerk reaction from that horrible governor that needs to be voted out of office
Lol...no. Florida isn't the "local general purpose government" as the statutes say,, nor is Orange and/or Osceola County. It's Bay Lake and Lake Buena Vista. If they can't handle a billion in debt, they can file chapter 9 municipal bankruptcy. Which still doesn't make it County or State debt. They didn't issue the bonds, not their problem.
@@dathomasii let me try to help you out. Mr. Walt Disney was a very smart intelligent man. He knew that there would be a Ron DeSantis performing knee-jerk reactions. That’s why they put that in place In order for Disney to even be in Florida. Make no mistake about it Disney already have land in other places like Texas. If Disney move out of Florida it will damage tourism. Ron DeSantis need to be voted out of office for he is doing a horrible job and if anybody thinks he is doing a good job or great job then those people are the problem. And they need to stop thinking like Putin. This Disney stuff is a cover-up for the two districts that was remapped. The two black districts
I don't think the governor is going to allow the county to make that choice. I think he's going to make it a state-run district at least in the short-term.
@@brianwolf399 Yes, but would you agree that Magic Kingdom is more valuable than Galaxy's Edge? My point is that the tax assessment is undervalued, which allows Disney to pay less property taxes.
You gave it an effort at least but missed or breezed over all the crucial points that are driving the tension. What does Disney get to do (or not do) that the other parks dont? What is the value of that privilege? What is the gross tax revenue of all types garnered from Disney as a % of their revenue from that park? How does it compare to their peers. If their special status was revoked and they needed those support functions from Orange county , that tax would be extracted from Disney, obviously, not from the surrounding homeowners - that was a ridiculous assertion. We dont need corporatism and we dont 'need' Disney tourist anymore. That money is mostly spent inside of Disneys sovereign nation, not in our cities. Finally, Disney literally sucks and I pity people who are amused by it, but thats a personal bias.
It's my understanding this started because Disney had their own mask ideas when things were coming back and Douchantis didn't like that. Same way he didn't like updating FLs high infection rate, same way he's now pulling books out of Schools. It's all theater of the absurd.
Your opening statement is spot on just as Chapek’s initial response to stay out of it and not become a political football was the correct response. Ultimately Disney has a duty to make profits for its shareholders. Regardless of what one’s personal beliefs are there will always be an equal amount of opposing views and a business that chooses any one side will not only alienate half of their consumers it could also alienate a significant amount of their investors. That is a poor business plan for anyone no matter how much influence you think you have or how righteous you believe your cause to be. So many were already on the fence about spending money on Disney given all the pricing increases and various changes made over the past few years. This unnecessary position Disney has taken has surely pushed many of those ‘on the fence’ consumers elsewhere. Disney stock closed at $118 this past week. 14% down in past month, 24.5% down year-over-year. Shareholders already weren’t too happy.
Just some things to think about with this, not taking a stance is, in and of itself, a stance. Look at all the employees that stopped working prior to Disney's statement. You had whole productions shut down. From a pure business stance, an entertainment company struggles if they're not making entertainment. I will also say simplifying every issue to 50/50 is plain wrong. Looking at the most simple thing, presidential election popular vote results, in 4 of the last 10 presidential elections the winning candidate has not received 50% of the vote which means if you alienate even the winning side in those climates you're alienating as little as 43% of people, in the other six years if you take the side of the winner it's literally impossible that you're alienating 50% of people, at worst, you're alienating 49% of people.
Your underestimating desantis , i really didnt hear 1 word about what disney started i can see you sending your kids to this type protocol they support
@@DeosPraetorian Far right conspiracy crap. Desantis wants people to believe the gays are coming to brainwash their kids, and now because disney says it supports gay rights conservatives hate them.
Les- go hide under your blanket where it’s safe. Those of us in the real world are not frightened if our kids know there are families with two dads or two moms.
You seem like a nice guy but I’m sorry your thinking is a bit wishful , filled with a bunch of hopium. The legislature has already dissolved RC. Short of Disney going to court (which they will) the state only has 2 options , take over the bond and help the county service the bond payments … OR create a new tax district one that the state controls without Disney running it; they would set up some sort of county over site board. But the problem with that is they can’t setup a new bond until the old bond is dealt with, and the legislature dissolved the district without dealing with the Bond. So really now only the court can sort this out. The court will force the state to either re establish the district or pay the bond … period. And by the way the sentence right under the paragraph you highlighted clearly says that the govt must pay the costs associated with the referendum 🙄
disney is going to pay so much more taxs. the casstle is a one room hotel. so that need to be charged by it worth maybe a few million. they going to hurt so bad and it a good thing
Florida is not better because of Disney. It created a lot of name tag, service jobs that didn't broaden the tax base while reducing the quality of life in the Central Florida. Sure there are more people here and tourists love it, but just about anyone who lived here pre-Disney will tell you bigger is not better.
@@mtdusmc9437 Yup, you don't need the money that 14 million people plus a year spend, I'm sure Florida would just be wonderful without that money, considering it's because of them, that YOUR taxes are lower there. I'm sure the taxpayers are going to be thrilled picking up the $163 million Disney pays now, including a $1 Billion dollar bond you suckers are also stuck paying for.
I grew up in Cocoa Beach in the 50's, 60''s and 70's and worked at Magic Kingdom in H.S. in '74/'75 so I watched central Florida change after Disney moved in. I am now a retired Engineer (Lockheed Martin/Raytheon) who works a hobby job in Security at WDW. To be honest I wish they had never come. I liked central Florida much more before. The large majority of the influx of people that they employ both directly and through economic overlays are not doing us any favors. Mostly lower paid and uneducated with a majority not being English speaking first language. Crime is rampant in spots that were crime free and beautiful when I was a young man and traffic is horrendous. Obviously with their investment in the enormous WDW footprint they aren't going anywhere but I preferred central Florida before they arrived.
You stated this was political theater but you failed to indicate what the theater is about. Families looking to purchase properties in this area should know the Florida government is pro-family and pro-kids and Disney is opposing the legislature when Disney should in fact be either staying out of politics or joining forces with the state of Florida.
2% a year for homestead property. Doesn’t mean they can’t assess all the homes and collect over 4-5 years. I don’t think it’ll happen. But it’s possible
On December 2021, SUSAN ARNOLD was appointed to replace Bob Iger as chair of the board at The Walt Disney Company and became the first woman to be appointed to this position in the 98-year history of Disney. She became chair on December 31, 2021. For 98 years Mickey, Goofy and the seven dwarves have never had a female boss. These beloved Disney characters will certainly need family counseling sessions with a certified family counselor to adapt to their new female boss. Preferably, the family counselors chosen for the Mouseketeer family will have met the following requirements: The successful completion of: at least three thousand (3000) hours of documented, supervised post- graduate counseling work experience over a period of at least twenty four (24) months; and, at least one hundred (100) hours of supervision over a minimum period of twenty four (24) months. The applicant’s completion of this experience requirement must be verified by the applicant’s supervisor(s) and of course the CEO of Disney Sue Arnold. [NOTE: This requirement may be waived if the appIicant has spent the minimum of two years living in cardboard boxes, sleeping under bridges and pushing shopping carts around Los Angeles and it’s surrounding communities.]
This guy is doing nothing but pushing BS, the only residents that are going to be harmed by the reedy creek end is the residents living in the bay lake and lake buena vista area, and that is only 5 or 6 houses that are in the city of Bay lake which is Disney property. The remainder of the bay lake and all of buena vista area is covered in Disney World Resort and Amusement parks. So Disney will have to foot the bill.
@@kenpozek that’s the most important piece of information and should really be in the forefront - this is why people are acting like the sky is falling because content channels are running with the shock factor rather than the actualities. I didn’t watch your full video (I usually do, love your channel) because I didn’t see the point in watching a video of ‘what if’s’ knowing full well this isn’t going to happen.
Huh? What residents? The residents of Reedy Creek? No. Those residents are only residents to serve on the RCID Board and do Disney's bidding. Disney gives them acres so they can call themselves residents and serve on the Board. That's the scam that's going away.
Do you believe that Disney would have stayed in control of Reedy Creek for 50 years if it wasn't to their advantage or making money for them? In the history of any state in of America exactly how many times has a state governor allowed anything like Reedy Creek to ever happen? It must not have been beneficial for the state of Florida to enter another agreement like this (and lose tens of millions of dollars in annual taxes and permits) because Florida has never done anything like this with any other company other than Disney. Finally, the big question is whether or not the local districts, communities, tax payers, the state itself and other theme parks in the state benefited or were actually hurt by Disney having special privileges and not paying tens of millions of dollars annually in taxes? If this new bill wouldn't hurt Disney then why would they be fighting it and going after Governor Desantis with their lobbyists and the MSM so hard?
This Law does not in anyway mean that Disney is now relieved of its Tax or Financial obligations to the Counties in which its currently located . Quite the opposite .
This was border line click bait. I get that there is a possibility of the bond payment impacting taxes but what about the other things you spoke about. Law enforcement, fire, and ems not to mention other infrastructure items that will drive up property taxes becuase the county having to flip the bill. I understand that disney will have to cover some of this cost but the rest will fall on the tax payer. Give some stats on what those amounts are. If this was just so you can tell us to use your business give us a better message than just it could impact you or it could not and I'm sure the politicians will work it out
I would recommend checking out Valiant Renegade’s newest video, his guest is a Florida attorney(Legal Mindset) who deals specifically with Bonds and special districts in Florida.
Either remove the special privileges that they get OR give those same privileges to their competitors. I hate govt picking winners and losers, that is unAmerican.
I was thinking about ditching my plan to move to Florida and retire to Costa Rica. Thanks for shedding light on what the revenge politics actually could mean.
I live up north. For 5 years I saved to send my daughter and grandchild to Disney ( off season ). Every year they raised the price beyond my savings. Finally she got married so I put money there. I was able to pay for the wedding, reception and honeymoon for less than the Disney trip.
Can you do a video on the state of home insurance in Florida. People need to know the ins and outs and the crisis brewing here before they move.
Yeap, I just had to find a new insurance company because mine left the state - finding new rates are much higher than before.
Yep, I’ve heard of peoples rates increasing as high as 8k or more a year. It’s a real problem in the state currently.
@@JasonTaylor-po5xc funny how u mention homeowners insurance...I bought car insurance from the Hartford and they being based out of Connecticut were in the state of extacy talking to me because I live in heaven (Central Florida) and according to them all I do is party and go to Disney and never work..I called Hartford again because I wanted to bundle my homeowners insurance with my car. insurance ...they said they don't write homeowners insurance policies in Florida...I told them how ironic is that when u sold me car insurance u acted like lived in a constant state of extacy and everyday was a combination of sex drugs and rock n roll...now all of a sudden u can't write a homeowners insurance policy in Florida?....I thought I I lived in heaven ...they were at a loss for words...in reality alot of companies have left Florida...last year I got a good deal from Farmers but I'm bracing for the worst when I have to renew in July...my friends don't sound reassuring either..
My homeowners insurance is $12,000 per year... crazy
I had a 90 year old house in Jacksonville, bought when it was 55-60 years old, for 2 DECADES I had insurance on it with State Farm as a rental property (as I was living out of state). When I moved back in and wanted to change it back to a regular homeowner's policy...State Farm said sorry, we aren't writing new homeowner's policies. They also had my car insurance, but if they wouldn't insure my house, they wouldn't get my car. Due to the age of the house, and the age of the roof, only 1 company would insure me. Insurance for the time I owned the house, before selling, was $2400/year (in the early 2000s).
Talking with insurance agents, and watching trends I have come to some conclusions: A.) Insurance companies are responsible for the steep roof angles on new Florida homes (more hurricane tolerant). B.) After balking at insuring houses with roofs over 25 years old, insurance companies have been pushing for roofs to be regularly replaced at more frequent intervals. Currently the unofficial age is about 20...and within a few years it will be 10 years. Of course, that assumes there are any insurance companies still writing policies in 5 years. One big hurricane and they will leave.
Car insurance is almost as ridiculous, depending on where you live.
Disney forgot. Disney is in Florida, Florida is not in Disney.
As far as them “moving” anything. Never would happen.
Part of the experience is that it is actually in Florida.
Disney also seems to forget, Florida re opened first in 2020. Which allowed them to make
$$$. Vs Disneyland in Cali closed until 2021.
Wouldn’t affect me moving there at all. It’s about time Disney pays more taxes.
Spot on!!
Excellent! They forgot they were in Florida.
Sooo, if Georgia offered Disney a sweetheart tax deal, you actually think they wouldn't move? LOL!!!! Keep dreaming!!!
It already pays more than Amazon, any of, Elon Musk, Jeff Bezos, companies. I would think they'll pay a lot less tax as a company since corporate taxes are so low.
@@helifanodobezanozi7689 yeah people love Georgia. Such a vacation destination.
Thank you for addressing this issue! It's been on my mind lately and this definitely helped bring some perspective as a potential future buyer.
Yes thanks Ken! Also a potential future buyer and everything going on from the cost of homes, building delays, and tax implications will all be taken into consideration if we decide to make Florida our home. I have been following Ken’s videos for quite awhile and he always has good information. 👍
It’s still an amazing place to live!
@@kenpozek yes exactly its still better than Tennessee
I've been watching your videos for a few months now and you never disappoint. Thanks for the short and concise explanations and keep up the good work.
Ken--man you are so very consistent and concise. I love how your videos are clearly stated with the human kind approach. It'll be interesting what happens, if any thing. Happy selling to you and your team!
This is the most honest assessment. Even for someone invested in Disney. Thank You for the honesty.
Yes Disney pays a lot in taxes. Except. Universal Studios and Sea World’s property is accessed at their true value. The Orange County accessor is already recalculating the true value of Disney’s property. Disney will then be taxed at the same rate as Universal Studios, Sea World and all other property owners in Orange County. Yes Orange County will take over the utilities, fire, police and the paramedics. Just as Orange County does for all property owners. Disney will have to pay almost three times what they are paying in taxes. All property owners will pay equal taxes.
Next is the tax free bonds. The bonds were sold to Disney and a few friends. This type of bond was created to build low income rental apartments. Disney used this money to build 2 luxury resorts (their isn’t any low income apartments in these resorts). This is an illegal fraud. Instead of paying for the resorts. Disney and a few special friends bought these high interest tax free bonds. Disney got away with it because they are there own government without any outside oversight. When Reedy Creek is dissolved. Disney will be forced to pay off the 2 tax free bonds or face huge (really big) civil fines and criminal charges for everyone who bought these bonds. These fraudulent bonds won’t cost Orange County property owners nothing. Orange County will receive a windfall.
Everyone believes that Disney is good, their is a dark and evil side of Disney.
I DARE ANY PRO DISNEY PERSON TO RESPOND AND PROVE ME WRONG. IF ANYONE CAN PROVE ME WRONG I WILL PAY THEM $5,000.00.
Great assesment of how Disney has benefited from
their special tax status. The party is over for this multi billion dollar California based Corp.
Thank you for the great and detailed explanation of the situation. Without the politics and emotional slant, it really helps understand more about what's going on. I had no idea there were so many similar districts here in Florida. And I love your background items on the wall!
Thank you Ken. Whenever anyone posted on a forum or article it always went toward politics and would get shut down. Nobody was providing facts and relevant information.
You managed to tell the audience the facts, the possible implications, and likely outcomes…all without showing a reckless bias for one side or the other and you even succeeded in not calling people names…Not only the 🐐 of real estate, but maybe the news?! KPN, I like the ring of that haha
😂😂😂 Man that made my day!
I tried to tell people it was a dumb idea and just lets Disney off on a lot of paying for services. I was automatically a groomer for taking Disney's side. The counties will have to pay. Unfortunately those counties are big Dem areas. Dems make working economic zones and GOP goes around zone and makes horrible economic impact. They then blame Dems when someone tries and manage it.
I disagree with your assessment. He left out important information for prospective families or those couples looking to raise kids in the future as home owners in Florida. The state of Florida is pro-family, pro-parental rights, and pro-kids. Disney may be showing its true colors (or perhaps purposely misinformed) by opposing the legislature and wanting to use its monetary power to change the government. That threat cannot be ignored. Once again, our governor has come to the rescue of the people, families, and kids he and his administration govern. A government that defends kids from being taught by sick adults about sexual orientation before they are in the 4th grade is admirable. Deranged adults engaged in such behaviour (teaching sexual orientation to little kids) are reprehensible and Disney supporting these adults is unimaginably sick. A government that protects families has got to be an attractive point to so many potential home buyers. I truly hope Disney chooses to be on the side of families and kids who love their products and services.
@@krlosv18 I hope you have a great day and find what you are looking for! Be well!
Reedy creek fire department is severely understaffed. RCFD is always calling mutual aid to Orange County Fire Department for assistance. Which is increasing the response times for Windermere and Horizon west taxpayers already.
I have a friend who is an Oceola firefighter and they are also dealing with being understaffed/stretched thin and most likely reedy creek fire would become part of Oceola so definitely won’t be improving.
Orange County taking it over, the more understaffed it will be !
I don't know about how FD's work where you are, so don't take this as me rolling my eyes at you. Where I am, it's SOP for both paid and volunteer departments to call neighboring departments for mutual aid on every call that involves more than a single station (i.e. one engine and one support unit), if for no other reason as to have local units in reserve to command incidents within the jurisdiction since they are more familiar with the infrastructure, hazards, and properties in question. Once the OIC or the preplan calls for a second assignment, mutual aid is dispatched, even if it's just a standby.
The other thing that I think we have all experienced is the severe lack of personnel available at our station houses. I have heard that RCID is understaffed, but I don't know how hard they are trying to staff up. Where I am, it's tough to recruit.
This applies to all of America lol
RCID is required to have a fire department, they aren't required to fully staff it. So of course it's bare bones.
Great video Ken! It’s going to be interesting how this plays out, and if this political fog will spook investors in the short term causing them to sell before the tax burden potentially wipes out cash flow. I imagine this will cause people to give second thoughts to homes in other areas… bringing more demand to areas like Clermont, Lake Mary, Sanford and Winter Haven where property values are comparatively lower and so are property taxes.
Disney needs to just stay out of Family politics, stay in their lane, entertain, that's all. Disney keep their rights and just stay out of politics. Nobody wants them to be punished but most people with kids don't want Disney trying to indoctrinate the California "valueless" values.
No, they'd prefer Christian indoctrination.
Thank you for being honest and not so political. And I think you are correct about Floridaians NOT HAVING to pay more taxes cause it just does not make any sense. Disney is just loosing it's tax free advantage Which is a major blow. The ability for these Tax privileged special districts to SET THEIR OWN TAX means they never actually pay THEIR OWN TAXES. They set an extremely high tax (3x tax or more) on Consumers so each transaction pays Florida's 6.25% state tax plus another 12% or more For Disney's maintenance fees. Essentially each transaction pay ITS OWN TAX Plus alot more.Why do you think everything Disney sells on its property is INSANELY EXPENSIVE. Now with this privilege gone they're just gonna shell out more taxes and NOT BE ABLE TO COLLECT TAXES from businesses in Reedy creek district. Those businesses will be paying taxes directly to Orange/Osceola county.
I agree with your assessment.
Unless a small business is set up as a C corporation, Florida does not impose state income taxes on it. That means the S corps, LLCs, and sole proprietorships are tax exempt. For corporations, state taxes in Florida are still low compared to most states.
Florida will be just fine. There are other theme parks in Florida: Universal, Bush Gardens, Legoland and that new mega mall in Miami that's on it's way, beautiful beaches. Disney should have stayed away from politics and stayed neutral. Awesome video as aways!
And Epic Universe.
@@blacksuperwoman1837 yes! I forgot about epic.. and I also forgot SeaWorld 😅
"Disney should have stayed away from politics" is a really weak view point. Can you name 1 major company that isn't involved in poltics and isn't donating to political parties or non profits? Also dictator desantis was 100% OK with the Reedy creek and Disney's special district. He flip flopped and wasn't OK with it the day after Disney defended gender identity.
@@KenDotCom donating to both political parties is nothing new. You're right. But when you start supporting for children to be indoctrinated with sexual topics at K-3rd grade that's where most sane people draw the line, unless you support that sort of thing, which I hope you don't.
I agree
Wouldn’t Disney pay more in taxes which should cover such things? It’s like here in Vegas where the casinos pay for a ton of stuff.
I would just add a room tax to hotels. Cobb county in Atlanta did to pay for Braves new stadium is really a $1 a night room tax.
If they were forced to pay more taxes the infrastructure could suffer and eventually lose attendance resulting in bankruptcy or dissolution making the counties liable for maintaining or selling the properties. Either way the county residents are going to wind up footing the bill. Dumb move department. Don't bite a gift horse in the mouth.
They already paid taxes to orange and osceola county. By law they can not be selected for any special taxes.
@@edc6644 Resort guests already pay an Orange County Accommodation Tax, a Florida State Accommodation Tax, and an Orange County Tourist Development Tax. On my most recent trip to WDW these charges came to about $50/day.
Disney does not have their own Polic. Reedy Creek does not have Police.
What Disney has for Law Enforcement is.....
Some weird thing with Orange County. They have a sub station staffed with off duty deputies. Similar to a night club.
One point: Reedy Creek does not have police powers. They have security, but a county sheriff's station on the property provides actual police services. (IIRC, Disney pays for the service, but the power comes from the county, Orange county I believe.)
Florida is awesome! Disney went too far with it's greed and got bit.
Disney put their foot into it and now will have to pay. When Eisner took over as CEO the pay for employees never kept up will cost. Rick Singh tried to reasses their property taxes. Screw them..
The thing is is that this doesn't hurt Disney all that much
Let’s be honest…. Disney has done a fabulous job of managing themselves within their Reedy Creek District. Of course it makes sense they asked for this special privilege when they started building the Walt Disney World Resort. They are a modern marvel and showed how to build an infrastructure and do it very well. I worked for WDW for 18 years and first visited as a child in 1976. I have seen the company grow and grow. It’s a joke that anyone would suggest moving WDW out of state. People saying that are clueless as to what WDW means to so many people all over the world. It is HOME to so many people, including me. I am sickened that this whole situation is going on. In my opinion, the company unfortunately has alienated many of its biggest fans. They should have stayed out of the political arena. No one would have been that upset long term if they had remained silent on this issue. Disney has always been supportive of the gay community and people who work there know it. This was just grandstanding on the part of these cast members who twisted Bob Chapek’s arm to speak out. He’s a marketing guy so it makes perfect sense that his first instinct was to say NOTHING.
I worked for Disney for nearly 9 years (until the world ended). I've seen many once-loyal Disney families are doing a purge of their branded stuff, unsubscribing from their services and refusing to vacation with them anymore. So, my concern is mainly with the impacts stuff like that might have to the local economy as well as my Disney stock.
A modern marvel? This is how the country crumbles good job desantis
If Florida is going to treat Disney dirty, why would other companies relocate there? Why would companies currently in Florida stay or expand? This culture war driven act was a bad idea that will have ramifications for decades.
No one did “Disney Dirty”.
1. Many people have wanted this dissolved for a long time, many Democrats.
2. Reedy Creek is being dissolved, not Disney. Reedy Creek is supposed to be it’s own entity.
Look up how much a business pays in taxes in California Vs Florida.
Also, Reedy Creek can still apply to establish a new Special District, just not with the privileges given to them in the 60’s when Disney claimed they were going to build an actual City(a futuristic City of Tomorrow), not just Epcot.
I’ll guarantee ALL of Disney’s competition in Florida are happy they’ll have to follow the same rules now.
They aren't treating Disney dirty. They're just making Disney equal to the other local businesses.
Duhsantis did NOT have a problem with Disney's special arrangement until they disagreed with him.
@@nimblehealer199 Disney disagreed with 70% of Floridians, and said they were against parental rights. The fact is, this had been in the works for years. Disney knew they were on shaky ground, then they made an arse out of themselves.
@@nimblehealer199 ....I've lived here for 20+ years and it's always been a problem on both sides of the aisle. The Florida legislature finally did something about it. Not just DeSantis.
I would recommend checking out Valiant Renegade’s newest video, his guest is a Florida attorney(Legal Mindset) who deals specifically with Bonds and special districts in Florida.
The value assessment battle is funny for me. I'm an appraiser who worked for a county auditor for 6 years. The auditor's staff consists of certified appraisers that get paid the same crappy salary no matter what value they arrive at. The Disney staff consists of a team of lawyers who employ a team of professional appraisers that are motivated by how low they can screw down the value. Middle class residential owners get over-valued because of ignorance, and billion-dollar businesses get under-valued because of the connections afforded them by cheesy law firm. And that's how ad valorem taxation works.
If you don’t have ANY kids, you wouldn’t care how about a 5 year old gets Groomed, cause it’s NOT your kids…. But if you are a PARENT, and someone else tries to Groom to your 5 year old, would you STILL be okay with it???? Pedophiles groom kids sexually, why should ANYONE thinks it’s okay for Teachers to do???? If you support the Groomers, then chances are you have NO responsibility for protecting young children.
We have data for decades; straight white men with Christian backgrounds and families make up 95% of those incarcerated for sexual crimes against children. DeSantis is more likely to commit such crimes than a drag queen or a gay man. The most prolific pedophiles and child pornographers are also of that profile. I'm assuming you fit the profile too.
Disney should have kept their nose out of politics lol. Stick to what you do best Disney.
All companies are involved in politics. Can you name one that doesn't donate to politic parties? You're totally clueless as to how the world works
@@KenDotCom they shouldn't be at all. They should all stick to what they do best. No need to take political stands. Once you take a stand you become part of tribe.
@@JessieS In order for Reedy Creek to even be created Disney had to be involved in politics.
I agree, the odd 🏳️🌈 tone Disney has absorbed makes 0 sense. Stay out of agenda politics, me too nonsense.
So Ken's stance (an Orlando Real Estate agent) is don't listen to anything on the news and everything is just fine. Keep buying houses in the Orlando area.... You all might want to get your information regarding the Disney issue from someone that isn't selling real estate in that area.
Agree lol and the real estate markets gonna keep climbing and never fail
I would recommend checking out Valiant Renegade’s newest video, his guest is a Florida attorney(Legal Mindset) who deals specifically with Bonds and special districts in Florida.
Not police. Security yes but, use sheriff deputies for law enforcement. That is why law breakers end up in Orange county courts. Had jury duty way back when.
Ron DeSantis "I'm the new sheriff in town.
Mickey Mouse "Hold my beer".
I don’t think this guy has been paying attention. There has been a net positive increase in people inflow, which will translate into net positive growth. I have heard some Floridians complain about property prices going up because of the inflow.
Disney should not have had that special dispensation for so long. Now Disney will have to play by the rules.
Locals will get a net positive. It is called a local sales tax. Yeah, just implement that, and pay for what you need, and then some.
Oh hi. You must be new here. I talk about this all the time.
Disney helped generate $408M in sales tax revenue just from their ticket sales in 2019.
Yes a ton of people are moving here. What does they have to do with taxes going up to cover Disney’s infrastructure?
They do NOT have their own police force...they have their own unarmed security force, without arrest or detain authority. They have lots of contracted OCSO (both Orange County Sherriff's Office and Osceola) deputies at all parks and resorts and have a special Orange County Sheriff's Office sub station on property.
I still say it's time for the Pozek family to move on from Disney 🤣. Great video by the wan my man!
Haha not gonna happen. Thanks bro 😎
Thank god! Disney must be held to such low standards but expect to be the arbitator of truth in Florida. This should only be the beginning and hopefully they tighten restrictions on every facet of disney in Florida.
It was fun when Mickey was just Mickey not trans Mickey and Minnie was just Minnie and not “I just chopped off my Winnie-Mouse”
I mean, Minnie's always just been Mickey in a dress
?
Why do you feel the need to sexualize cartoon characters? Please stop. It's just sick.
I’m a Disney fan too Ken but this was a really bad move on their part. They brought this on themselves when they allowed woke activists to dictate company policy.
It’s a vengeful and childish move done out of spite on DeSantis part.
Yep Disney never should have said anything, DW Is not what it used to be
@@tgustafson85 No! What was childish is that Disney thought they were above FL law thinking they could overturn the bill. They had NO business butting in and talking all brazen.
@@floridagirl8540 Disney and any other company or individual has the right to comment on legislation. Per the 1st Amendment, it isn’t against the law to do so.
Further, I’d love to hear your explanation how Disney’s position on the “Don’t Say Gay” bill is a valid justification for disbanding the Reedy Creek Improvement District and foisting $1 billion dollars worth of debt and on-going expenses on the shoulders of local residents?
@@tgustafson85 first off it's the Parental Education Rights bill. Second there is nothing that says 100% this will fall on tax payers. Orange County or Osceola County could set up a new special district to allow for the same allocation of funds for reedy creek. The legislation is looking into ways to allow for certain cuts to Disney's allowed tax breaks while allowing them to keep Reedy Creek as well. Also when you speak your first amendment rights that does not come without consequences.
Separately, the tax cuts on water and sewer and power that Disney receives as well as the resort tax credits would now go to the appropriate counties. All DVC deeded properties would now be taxed by the appropriate counties. These are details noone seems to think about. It's not all negative. But since everyone takes the first headline they read as gospel no pays attention to the fact that there are a lot of unknowns.
that Spanish guitar😍
Reedy creek pays taxes to itself. If they now pay taxes to the county, it could be a windfall to the local community. Just like Queens NY is subsidized by commercial real estate in NYC, and taxes are about 800 bucks a year, whereas Nassau County NY taxes are up to $30,000 per year for a single family home.
I am LEAVING NY to get away from Democrat waste, crime, corruption and taxes.
The Republicans are just as bad
Move to Florida, there is absolutely no crime down there right?
It's funny you would say you don't get political because you don't want to alienate 50% of your viewers because that is exactly what Disney did. Disney got political. Thats what is different. They are investing in political power on top of the economic power they have. Glad to see some are paying attention. Disney may be beloved but if they want to play in politics they should have consequences and be held accountable. That "special" exemption needs to go.
So…ALL of the ‘Special Exemption’ areas in Florida lose that status. Not just Disney. Right? 🤔
@@troyjollimore4100 Don't know...we were talking about Disney not everyone else. Disney is an entertainment business entity not a state or seperate country where they determine government policy.
@@troyjollimore4100 Disney is in a red state and threaten to use their influence to over turn a law. Disney reaps what they sow
@@deannaforrest9571 There are several of these ‘self-governing communities’ in Florida. You can’t selectively single one out solely because it takes a stance you disagree with.
@@troyjollimore4100 Are those "self governing" communities under control of a corporation 57% owned by the foriegn government of China? We may disagree on what political stance Disney takes but no business entity especially one owned foriegnly should be determining our political policy.
Legal Mindset who is a Floridian Lawyer covered this a lot better
So, you don't know how it's going to shake out any more than anyone else does. Got it.
it's good business for Disney to appear liberal; however, Disney shouldn't be trying to use their influence and power to change Florida. A little negative punishment will keep Disney in their lane. Disney will do nothing to threaten Florida, they can't pack up 30,000 acres and theme parks and leave Florida.
Yeah but how much does this really affect Disney
Not a fan of Disney for the last 20 years
Thank you Ken for your videos!
Disney should pay taxes if they don't like they always can move to another state or even country. The only corporation with tax exception. Horrible.
Disney has increased prices over the time. So expensive that a regular family may have to think twice before visiting this park. In short is not for every single American family, park, hotel, food and commute. This is not a political decision, this is about they want to be above the law. See what happen just to be above the law. Now they've lost billions.
Incredibly Neanderthal take. Disney is not a charity, demand and supply have gotten messed up in the last 6 years. This is absolutely a political decision, republicans just hate that Disney doesn't agree with them, imagine a world where if a business doesn't agree with the political party they get to take ANGRY actions towards Disney. The only corporation with tax exemption? I hope you are joking, almost every corporation as big as Disney has huge tax exemptions LMAO, every Theme park in the States has tax exemptions. In short, please read a few books and gain more insight before you make baseless claims.
Brilliant, TY. CM here.
Good, maybe Disney can pay their fair share and contribute to the horrid infrastructure here. Our roads should be made of gold around here by now. Not to mention many of the eyesores around Kissimmee.
Tell me you’ve never seen the roads in many other states without telling me
Clearly you've never left the state. Florida has amazing infrastructure and roads. Repeating this D.C. bumper sticker simply doesn't make it any more true.
The governor of Michigan here campaign slogan was “Fix The Damn Roads!”. Well whaddya know…they are still garbo. Ken is originally from Michigan…he can tell you all about the roads here.
Michigan roads are absolutely garbage.
They can level Disney for all I care. The mouse has lost its luster with a lot of people. Disney pays about one days earnings at the park per year. The Seminole tribe pays Florida about $50,000,000 a year and doesn’t cause traffic jams. Orlando would survive and Florida would definitely survive without them.
They employ a lot of people. It would decimate the Orlando economy and tourists from all over the world come to Orlando specifically for WDW. Universal and Sea World are just sideshows compared to the mouse.
Yes, because of them , we pay a lot less taxes than other states. I don't want any extra taxes added on.
Orlando is crowded according to my friend. Traffic nightmares.
Yes, seniors & tourists. Plus, 🛣 major highway-road construction projects. To drive in Florida is hard. Be careful 🚗.
Yes, I-4's major project has been a traffic nightmare for several years now. The express lanes opened, and it's almost completed. Narcoosee Rd. (Lake Nona, where I live) is about to start widening. All the barrels are up, all the sidewalks redone, all the plumbing underneath completed. Now the widening begins. No traffic issues on the Laureate Park side at all.
Not much insight into the tax situation. Ken mentions the possible expenses of a bond, firefighters, police, etc. However, he doesn't mention how that would change Disney's tax burden. It's quite possible that the counties come out on top. If that's possible, then maybe having Orange County vote on it becomes more likely.
We need a better good faith discussion around this next time.
Your voice is not synchronized with the video. I still listened, but it gave me a headache to watch. Another video was like this too.
Disney is the biggest player in Orlando tourism... but it's not he ONLY player. If Disney moved out or scaled back operations, someone else would swoop in and offer new options to the tourism prospects....
You would think they would keep their mouth shut about politics
Apparently a bunch of Disney's employees were pressuring the higher-ups to speak out against the bill, so they were stuck between a rock and a hard place: Side with your workers, or with the government? Would end up in bad PR either way.
@@hlavco
Disney is an American company. They fight for American values: inclusion, diversity, equality, justice, welcoming.
Republicans are anti America.
Looking to purchase in Barsgrove Estate and it has a Mt Dora address but in orange county. What is the property tax percentage for that area?
It means the taxes are going to go kaboom 💥. The good thing is the bill cannot be deleted withdrawn or anything not until Florida pay almost $1 billion out. This was a knee-jerk reaction from that horrible governor that needs to be voted out of office
Lol...no. Florida isn't the "local general purpose government" as the statutes say,, nor is Orange and/or Osceola County. It's Bay Lake and Lake Buena Vista. If they can't handle a billion in debt, they can file chapter 9 municipal bankruptcy. Which still doesn't make it County or State debt. They didn't issue the bonds, not their problem.
@@dathomasii let me try to help you out. Mr. Walt Disney was a very smart intelligent man. He knew that there would be a Ron DeSantis performing knee-jerk reactions. That’s why they put that in place In order for Disney to even be in Florida. Make no mistake about it Disney already have land in other places like Texas. If Disney move out of Florida it will damage tourism. Ron DeSantis need to be voted out of office for he is doing a horrible job and if anybody thinks he is doing a good job or great job then those people are the problem. And they need to stop thinking like Putin. This Disney stuff is a cover-up for the two districts that was remapped. The two black districts
@@ctbt1832 ...lol...your response has nothing to do with what I wrote.
@@dathomasii I wrote it because it needed to be said since you are on the subject of Disney 😀. Thanks
🤣Biden is who needs to be out of office!
I don't think the governor is going to allow the county to make that choice. I think he's going to make it a state-run district at least in the short-term.
Magic Kingdom is worth much more than $500 million. They just spent $1 billion on Galaxy’s Edge.
galaxy's edge is in Hollywood studios park of the WDW property
@@brianwolf399 Yes, but would you agree that Magic Kingdom is more valuable than Galaxy's Edge? My point is that the tax assessment is undervalued, which allows Disney to pay less property taxes.
It’s an assessed value. They never match actual costs or market value. It’s a weird combo. I regularly see $1M homes assessed at 500-600k.
IT MEANS *NOTHING.* Everything rests with the owners of Reedy Creek.
Does no one read law these days?
hahahahaha....2/28/2023
Disney wants solar because there are tax incentives for solar.
You do really good videos I like the information you put out
He is going to create the worst taxing of the people and Osceola County and Orange County as well I feel bad for you man
If Disney disappeared tomorrow the Orlando area will do just fine with universal and all the other attractions.
Thank god for Ron Desantis
So Reedy Creek becomes a full fledge city within 2 counties that has to respond just like the rest of the cities?
You gave it an effort at least but missed or breezed over all the crucial points that are driving the tension. What does Disney get to do (or not do) that the other parks dont? What is the value of that privilege? What is the gross tax revenue of all types garnered from Disney as a % of their revenue from that park? How does it compare to their peers. If their special status was revoked and they needed those support functions from Orange county , that tax would be extracted from Disney, obviously, not from the surrounding homeowners - that was a ridiculous assertion. We dont need corporatism and we dont 'need' Disney tourist anymore. That money is mostly spent inside of Disneys sovereign nation, not in our cities. Finally, Disney literally sucks and I pity people who are amused by it, but thats a personal bias.
It's my understanding this started because Disney had their own mask ideas when things were coming back and Douchantis didn't like that. Same way he didn't like updating FLs high infection rate, same way he's now pulling books out of Schools. It's all theater of the absurd.
Your opening statement is spot on just as Chapek’s initial response to stay out of it and not become a political football was the correct response. Ultimately Disney has a duty to make profits for its shareholders. Regardless of what one’s personal beliefs are there will always be an equal amount of opposing views and a business that chooses any one side will not only alienate half of their consumers it could also alienate a significant amount of their investors. That is a poor business plan for anyone no matter how much influence you think you have or how righteous you believe your cause to be. So many were already on the fence about spending money on Disney given all the pricing increases and various changes made over the past few years. This unnecessary position Disney has taken has surely pushed many of those ‘on the fence’ consumers elsewhere. Disney stock closed at $118 this past week. 14% down in past month, 24.5% down year-over-year. Shareholders already weren’t too happy.
Just some things to think about with this, not taking a stance is, in and of itself, a stance. Look at all the employees that stopped working prior to Disney's statement. You had whole productions shut down. From a pure business stance, an entertainment company struggles if they're not making entertainment.
I will also say simplifying every issue to 50/50 is plain wrong. Looking at the most simple thing, presidential election popular vote results, in 4 of the last 10 presidential elections the winning candidate has not received 50% of the vote which means if you alienate even the winning side in those climates you're alienating as little as 43% of people, in the other six years if you take the side of the winner it's literally impossible that you're alienating 50% of people, at worst, you're alienating 49% of people.
My man, you are so good at these videos.
Your underestimating desantis , i really didnt hear 1 word about what disney started i can see you sending your kids to this type protocol they support
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@@DeosPraetorian Far right conspiracy crap. Desantis wants people to believe the gays are coming to brainwash their kids, and now because disney says it supports gay rights conservatives hate them.
Les- go hide under your blanket where it’s safe. Those of us in the real world are not frightened if our kids know there are families with two dads or two moms.
You seem like a nice guy but I’m sorry your thinking is a bit wishful , filled with a bunch of hopium. The legislature has already dissolved RC. Short of Disney going to court (which they will) the state only has 2 options , take over the bond and help the county service the bond payments … OR create a new tax district one that the state controls without Disney running it; they would set up some sort of county over site board. But the problem with that is they can’t setup a new bond until the old bond is dealt with, and the legislature dissolved the district without dealing with the Bond. So really now only the court can sort this out. The court will force the state to either re establish the district or pay the bond … period. And by the way the sentence right under the paragraph you highlighted clearly says that the govt must pay the costs associated with the referendum 🙄
or force disny to pay the bond off in one time payment
disney is going to pay so much more taxs. the casstle is a one room hotel. so that need to be charged by it worth maybe a few million. they going to hurt so bad and it a good thing
Florida is not better because of Disney. It created a lot of name tag, service jobs that didn't broaden the tax base while reducing the quality of life in the Central Florida. Sure there are more people here and tourists love it, but just about anyone who lived here pre-Disney will tell you bigger is not better.
Yes. But Disney and the Cruise lines are what bring tourists in, beaches don't make a lot of money.
@@michaelkeudel8770 Tourists are what lowered the quality of life. Which was my point.
@@mtdusmc9437 well without that, Florida will go bankrupt, it has nothing else to offer.
@@michaelkeudel8770 Tourism was big here long before Disney was here. Pick up a history book.
@@mtdusmc9437 Yup, you don't need the money that 14 million people plus a year spend, I'm sure Florida would just be wonderful without that money, considering it's because of them, that YOUR taxes are lower there. I'm sure the taxpayers are going to be thrilled picking up the $163 million Disney pays now, including a $1 Billion dollar bond you suckers are also stuck paying for.
Also want to say how much I appreciate your fair honest down the middle assessment of the situation.
Appreciate it my friend 🙏🏼
I grew up in Cocoa Beach in the 50's, 60''s and 70's and worked at Magic Kingdom in H.S. in '74/'75 so I watched central Florida change after Disney moved in. I am now a retired Engineer (Lockheed Martin/Raytheon) who works a hobby job in Security at WDW. To be honest I wish they had never come. I liked central Florida much more before. The large majority of the influx of people that they employ both directly and through economic overlays are not doing us any favors. Mostly lower paid and uneducated with a majority not being English speaking first language. Crime is rampant in spots that were crime free and beautiful when I was a young man and traffic is horrendous. Obviously with their investment in the enormous WDW footprint they aren't going anywhere but I preferred central Florida before they arrived.
A great thing Florida has done.
Why
"The politicians won't shoot the golden goose.". You obviously don't understand politics and the massive egos of some of those......people.
It was literally a grooming bill. What was disney thinking?
They like groomers
If you want to actually hear the bottom line, you have to go all the way to the 7:00 mark. Yeesh.
You stated this was political theater but you failed to indicate what the theater is about. Families looking to purchase properties in this area should know the Florida government is pro-family and pro-kids and Disney is opposing the legislature when Disney should in fact be either staying out of politics or joining forces with the state of Florida.
It's funny Disney is not losing it they did it by law man.
orange county police/sheriff already cover Disney. No cost impact.....
Please document your claim..........Just because you say it, doesn't make it true.
"Getting popcorn ready" lol
Why not just let the state take care?
How does relieving Disney of this expense punish Disney?
It doesn't, it's just a political clap back by Ronald to make him seem like a strong boy for his base of supporters.
Disney wins again.........
You should get together with dsny newscast for a show on this
There is a cap on how much your taxes can go up. It's no where as high as $4500.
2% a year for homestead property. Doesn’t mean they can’t assess all the homes and collect over 4-5 years.
I don’t think it’ll happen. But it’s possible
@@kenpozek true, but I don't think it will happen.
Homestead exemption needs to mean NO PROPERTY TAX. I can’t believe we all allow the government to collect on land WE OWN.
On December 2021, SUSAN ARNOLD was appointed to replace Bob Iger as chair of the board at The Walt Disney Company and became the first woman to be appointed to this position in the 98-year history of Disney. She became chair on December 31, 2021. For 98 years Mickey, Goofy and the seven dwarves have never had a female boss. These beloved Disney characters will certainly need family counseling sessions with a certified family counselor to adapt to their new female boss.
Preferably, the family counselors chosen for the Mouseketeer family will have met the following requirements:
The successful completion of: at least three thousand (3000) hours of documented, supervised post- graduate counseling work experience over a period of at least twenty four (24) months; and, at least one hundred (100) hours
of supervision over a minimum period of twenty four (24) months. The applicant’s completion of this experience requirement must be verified by the applicant’s supervisor(s) and of course the CEO of Disney Sue Arnold.
[NOTE: This requirement may be waived if the appIicant has spent the minimum of two years living in cardboard boxes, sleeping under bridges and pushing shopping carts around Los Angeles and it’s surrounding communities.]
Ken orlando prices need to go down
Politicians would be extremely idiotic to go through with BS like that, Disney literally makes Orlando in a way…
History - I loved your presentation! I hope Floridians survive those wanting to live in Washington DC.
They are shooting the golden goose.
This guy is doing nothing but pushing BS, the only residents that are going to be harmed by the reedy creek end is the residents living in the bay lake and lake buena vista area, and that is only 5 or 6 houses that are in the city of Bay lake which is Disney property. The remainder of the bay lake and all of buena vista area is covered in Disney World Resort and Amusement parks. So Disney will have to foot the bill.
Is this even a thing? My understanding is that the residents have to vote on this for it to go thru? Which they won’t.
That’s how the video ends
@@kenpozek that’s the most important piece of information and should really be in the forefront - this is why people are acting like the sky is falling because content channels are running with the shock factor rather than the actualities. I didn’t watch your full video (I usually do, love your channel) because I didn’t see the point in watching a video of ‘what if’s’ knowing full well this isn’t going to happen.
Huh? What residents? The residents of Reedy Creek? No. Those residents are only residents to serve on the RCID Board and do Disney's bidding. Disney gives them acres so they can call themselves residents and serve on the Board. That's the scam that's going away.
@@dathomasii exactly, and a smart move but regardless of the type or reason they are there they are still residents that have to vote on this.
@@lemonwedgie3730 ...Nope. having ad valorem authority means they don't get to vote per title xiii 189.076-b
Let’s go Brandon
Do you believe that Disney would have stayed in control of Reedy Creek for 50 years if it wasn't to their advantage or making money for them?
In the history of any state in of America exactly how many times has a state governor allowed anything like Reedy Creek to ever happen? It must not have been beneficial for the state of Florida to enter another agreement like this (and lose tens of millions of dollars in annual taxes and permits) because Florida has never done anything like this with any other company other than Disney.
Finally, the big question is whether or not the local districts, communities, tax payers, the state itself and other theme parks in the state benefited or were actually hurt by Disney having special privileges and not paying tens of millions of dollars annually in taxes?
If this new bill wouldn't hurt Disney then why would they be fighting it and going after Governor Desantis with their lobbyists and the MSM so hard?
Disney isn't fighting it
the villages?
it means Disney will have to pay "their fare share". F J B
Too many adds, did not watch...
What adds???
Governor DeSantis needs to rethink about how much Disney helps him to pay the taxes if they get rid of the Reedy Creek they’re crazy.
I do t think he is that dumb…
Let’s go Brandon….. trump/desantis 2024
This Law does not in anyway mean that Disney is now relieved of its Tax or Financial obligations to the Counties in which its currently located . Quite the opposite .
This was border line click bait. I get that there is a possibility of the bond payment impacting taxes but what about the other things you spoke about. Law enforcement, fire, and ems not to mention other infrastructure items that will drive up property taxes becuase the county having to flip the bill. I understand that disney will have to cover some of this cost but the rest will fall on the tax payer. Give some stats on what those amounts are. If this was just so you can tell us to use your business give us a better message than just it could impact you or it could not and I'm sure the politicians will work it out
I would recommend checking out Valiant Renegade’s newest video, his guest is a Florida attorney(Legal Mindset) who deals specifically with Bonds and special districts in Florida.
Either remove the special privileges that they get OR give those same privileges to their competitors. I hate govt picking winners and losers, that is unAmerican.
Disney can apply for a new special district that will be more in line with what their competition gets.
DeSatan didn't have a problem with Disney's special arrangement until they disagreed with him.
I was thinking about ditching my plan to move to Florida and retire to Costa Rica. Thanks for shedding light on what the revenge politics actually could mean.
Costa Rica is definitely your play, bro. It's too crowded here in FL and you won't be happy with all the prosperity. Vida Pura.