DeSantis signs Reedy Creek bill: 'The corporate kingdom comes to an end'

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DeSantis signs Reedy Creek bill: 'The corporate kingdom comes to an end'
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Florida Gov. Ron DeSantis signed a bill this morning officially ending Disney's self-governing status.

The signing of the bill marks the end of a 55-year-old agreement between the state and the company.

“Since the 1960s, they’ve [Disney] enjoyed privileges unlike any company or individual in the state of Florida has ever enjoyed. They, of course, control their own government right here in Central Florida. They had exemptions from laws that everybody else had to follow. And they were able to get huge amounts of benefits without paying their fair share of taxes and even racked up $700 million worth of municipal debt,” DeSantis said during Monday’s press conference.

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