“Walt Disney Co. proposed the Reedy Creek Improvement District in the mid-1960s in a remote area of Orange and Osceola counties. It allows Disney to operate like its own county government and is responsible for municipal services such as power, water, fire prevention and road maintenance. It also means Disney doesn’t need approval from local planning commissions if it wants to build new structures.
The reason special districts were created was so taxpayers who don’t benefit from the services of the special district aren’t required to pay for it through taxes.
A huge benefit of special districts is making tax-exempt purchases for the services they provide and issuing municipal bonds for major infrastructure projects at a much lower interest rate, said Chris Lyon, an attorney who deals with special districts.
The measure lawmakers are considering would not permanently terminate the Reedy Creek Improvement District, but it would phase it out on June 1, 2023, and allow the special district to reestablish on or after that date.If legislators approve the bill, as is expected, Disney would be able to go to the state Legislature inTallahassee next year and request it be reestablished, likely under more limited capabilities and powers.”
https://www.politico.com/news/2022/04/20/disney-desantis-special-tax-district-00026672