Fitch, the credit rating agency, warned the state of Florida that its swift decision to dissolve Disney’s special district may lead to the downgrading of the credit of other districts in the state. This would raise the cost of borrowing and cast doubt on the state’s creditworthiness. Maybe DeSantis and the legislature should have matters through more carefully.
One of the nation’s leading bond rating agencies warned Thursday that if the state of Florida doesn’t resolve a conflict over its decision to repeal Walt Disney World’s Reedy Creek Improvement District and its obligation to investors, the move could harm the financial standing of other Florida governments.
Fitch Ratings posted the alert late Thursday on its Fitch Wire web site, nearly a week after Gov. Ron DeSantis signed into law the measure dissolving the special taxing district that governs Disney property by June 1, 2023.
Reedy Creek Improvement District holds nearly $1 billion in bond debt and last week Fitch issued a “negative watch” because of the uncertainty around how that debt will be paid and by whom.
Read more at: https://www.miamiherald.com/news/politics-government/state-politics/article260873762.html#storylink=cpy
Diane Ravitch's blog 
I would image that the Bond Rating Agency will also be looking at bond ratings down and including the rating for school districts.
As a person who served many years on a school board that went through several bond issues to build schools and renovate others the bond ratings for the district were very important.
In some ways it is hard for me to believe that DeSantis is such a ignorant fool but than again it is not about him be ignorant but rather it is about DeSantis caring only about himself, his minions, and getting re-elected.
Personally, it believe DeSantis is nothing more than a Racists. That is the best I can say for him. No different or better than Trump.
“Municipal law experts have warned that untangling Disney’s taxing district will not be easy because state law requires that when the district is dissolved, its debt obligations, tax revenues, assets and responsibilities would be transferred to Osceola and Orange counties and the small cities of Lake Buena Vista and Bay Lake.”
I cannot imagine voters in these small areas would be inclined to vote for someone that is so reckless when home owners bear the financial burden for DeSantis’ culture war. Most Florida residents have already faced sticker shock over big increases in homeowner’s and flood insurance rates this year.
https://www.msn.com/en-us/video/peopleandplaces/homelessness-in-florida-becoming-a-middle-class-problem/vi-AAWKXFg?ocid=msedgntp
I suspect that this is just political theatre. There’s a reason why the legislation doesn’t dissolve the Reedy Creek special district until June of 2023. That gives the legislature plenty of time to undo this in whole or in substantial part.
Consequences Mr. DeSantis. There are always consequences…..and if you are hasty, unwise and blinkered…. usually unforeseen