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Posted >1 y ago
Responses: 2
The result of this law is the State will pick up Disney's billion dollar bond debt and the surrounding counties will have to pick up all of the infrastructure costs that Disney has been paying for.
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SGT (Join to see) The state dissolved the district and that action alone puts the state on the hook for the debt. This action can impact every entity that issues bonds in Florida. Fitch has already instituted a " Negative Watch".
These special districts cannot be dissolved until all debt and obligations have been paid. Its boiler plate language found in state law across the country. States also have language in state law protecting bond holder rights.
This political step solely for his personal benefit can cascade to where Disney shuts down and why is that important. Disney economic impact in Florida is 75.2 billion dollars, 463,000 jobs and 5.8 billion dollars in state taxes. Stupid move on the Florida gov's part
These special districts cannot be dissolved until all debt and obligations have been paid. Its boiler plate language found in state law across the country. States also have language in state law protecting bond holder rights.
This political step solely for his personal benefit can cascade to where Disney shuts down and why is that important. Disney economic impact in Florida is 75.2 billion dollars, 463,000 jobs and 5.8 billion dollars in state taxes. Stupid move on the Florida gov's part
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