Florida taxpayers could face a $1 billion Disney debt bomb if its special district status is revoked

The Florida legislature on Thursday cleared a bill that would dissolve Disney’s special improvement district, effective June 2023.

If the special district is eliminated, Orange and Osceola counties would have to provide the local services currently provided by the special district.

Legislators and tax experts warn the bill creates an even larger potential problem for taxpayers in the form of bonds totaling more than $1 billion.