I don't think it's going to increase our property taxes because that could mean increasing property taxes outside of Disney World. I guess theoretically, our taxes/dues could go down.
Reedy Creek currently taxes Disney $105 million a year, Orange County just has to find a way raise that revenue. Oddly enough, the most likely way would lower Disney's tax burden and increase the burden onto the guests. Although, I guess they could just use whatever formula RCID currently uses and reinstitute those same taxes onto Disney.
https://www.wesh.com/article/reedy-creek-improvement-district/39779429#
If the $105 million figure is accurate and Disney World has an average of 52.5+ million guests a year, then they just have to find a way to tax Disney World guests an extra $2 or so by way of an Amusement Tax or increase Disney's property taxes by the amount that they'd be lowered as a part of this deal. (Since they'd have to pay Ambulance and Fire taxes to Orange County now or some newly created Ambulance District and not to RCID.)
Or they could do a mixture of both. I guess if Orange County residents pay more for fire than RCID, then we'd be paying the higher rate.
Just thinking out loud, but I guess they could just create a new Reedy Creek District... Say on a particular day Disney Reedy Creek no longer exists and then we have New Reedy Creek. From that day forward Disney pays money to New Reedy Creek at the same rate they were paying to the old district. So taxes and everything would stay the same, but Disney loses control.
... Also, taking a super quick look at their budget, it looks like Orange County could absorb the whole $105 million without increasing taxes. Orange County had a $378 million surplus in 2021. If they did that, they'd just be giving Disney a pretty big tax cut.
https://www.occompt.com/download/Comprehensive Annual Financial Reports/ACFR_2021.pdf
I'm not advocating anything or talking politics, I'm just looking at the numbers at what I think they could do. This is all really interesting. I don't think a CID the size of Reedy Creek has ever just ended.