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Central Florida Tourism Oversight District Board approves Property Tax Cuts for Walt Disney World

Proving that Governor Ron Desantis's hand picked Central Florida Tourism Oversight District Board is not all bad, they have APPROVED property tax cuts for Walt Disney World.


Central Florida Tourism Oversight District Board Approves Property Tax Cuts for Walt Disney World

Today, Wednesday, July 26, 2023, the Central Florida Tourism Oversight District Board has met to approve property tax cuts for Walt Disney World!


The property tax cuts for Walt DIsney World, and the district’s stakeholders, which includes Walt Disney World and the tenants at Disney Springs.


Although what could be seen as a classic give with one hand, take away with the other, Board Chair Martin Garcia referenced the ongoing lawsuits with Disney, claiming that it would cause an increase in District costs and taxes!!


So we could just be seeing taxes briefly reduced so that the can be raised again, and blame Disney...


The board have made a significant cut to property taxes of almost 7%, claiming that they can afford to make the cut without affecting services due to "the elimination of government waste and abuse" which is in reference to the previous Reedy Creek Improvement District, which was the self governance body installed by Walt Disney World in 1971 to oversee the property that Walt Disney World sits on.


Having now dismantled the District, Gov. DeSantis's state imposed Central Florida Tourism Oversight District Board have made a number of changes since taking over, with this tax cut the most significant.


The board voted today to approve the tax cut, which now requires two public hearings and a vote in September on a final budget.


Today's budget also outlined the boards priorities for the district: enhancing public safety, implementing governing best practices, and prioritizing spending.


In addition, the budget would increase the district’s reserve fund to include line items such as dedicated emergency response.


The boar claim that taxpayer dollars would no longer be used to fund the private use of the public police force for commercial benefit. They commented in a press release, "Over the past several years, instead of using private security or hiring additional police officers, private entities have placed the financial burden on citizens by billing the district to police their property."


Central Florida Tourism Oversight District Board Approves Property Tax Cuts for Walt Disney World

Here is a press release that the Central Florida Tourism Oversight District Board released today following the meeting:


Today, District Administrator Glenton Gilzean presented the FY2024 budget to the Central Florida Tourism Oversight District Board, which proposes significant cuts to the property tax rate. Specifically, the cut would reduce the current millage rate by nearly 7 percent without impacting core programs that serve the community. The rate cut is possible because of the elimination of government waste and abuse.


“We heard from constituents loud and clear at public meetings and while out and about in the community,” said Gilzean. “They do not want their tax rates to go up. We took their concerns to heart.” He added, “The district staff has worked diligently the past few months to find ways to be good stewards of taxpayer dollars while ensuring a world-class experience for the millions of people who travel to our district from around the world. We’re proud of the result.”

The millage rate is the amount of tax payable per dollar of the taxable assessed value of a property. One mill is equivalent to $1 in taxes due per $1,000 of taxable assessed property value. In FY2023, the millage rate was 13.9000. The district’s proposed millage rate for FY2024 is 12.9500, a 6.8% rate decrease. The district arrived at this rate with consideration to budget requirements and property assessments from the publicly elected tax appraisers of Orange and Osceola Counties.



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