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Reedy Creek Improvement District not to act on Property Tax Cuts

By
Real Estate Broker/Owner with British Homes Group

This 'Local Government' is run by one entity, Disney who has decided that it will not enact the Tax Cut 

Reedy Creek improvement District is a local Government that covers around 25,000 acres and is a city in itself, it covers most of Walt Disney world and some of the associated businesses and properties surrounding it. The entity is chaired by Disney and has an oprating budget of $52 million, they have told the Orange County Property Appriaser that it will not be enacting the property tax cuts as it would wipe $1.2 million from that budget.

The Reedy Creek Improvement District runs an ambulance service amongst other things such as building inspections amongst other services for Disney. With 67,000 cast members working for Walt Disney World the district needs to run itself like a city!

Other cities have voted to skip the tax cut proposals but Reedy Creek doesn't stand to cause much of a problem by doing so as the Board of Supervisors which controls the Government of Reedy Creek is made up of 5 seats and Disney pays 90% of the property tax collected and as the largest landowner gets to say who sits on the board! This quirk of local politics is most interesting.

N.B For the uninitiated, Reedy Creek was re-named to what is now known as Lake Buena Vista.

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