3 ms·
> currently taxes at 13.67 (1/3 of which goes to paying the debt) So they'd need about 9 mills (2/3rds of 13.67) to pay expenses without the debt? It's likely
by leereeves 5y ago
> currently taxes at 13.67 (1/3 of which goes to paying the debt)
So they'd need about 9 mills (2/3rds of 13.67) to pay expenses without the debt? It's likely that they could make up the shortfall by reducing some services. Any services that the local community didn't want to pay for and the Disney company still wanted, Disney could pay for itself.
I also wonder if the the district is fairly valuing the land. How much would a hotel be willing to pay for an acre near the park, and is that the valuation the district uses?