Report: Disney May Get $570M in Tax Breaks for New Campus

07/22/2021

Photo of Sleeping Beauty's castle at Disneyland.
Source: Quick PS via Infogram.

Disney is poised to get upwards of $570 million in tax breaks for a new regional facility that will include 2,000 jobs it's relocating from California to Florida, according to the Orlando Sentinel and reported by the Associated Press.

Greg LeRoy, executive director of Good Jobs First, told the Sentinel the incentives were "worse than a zero-sum game."

"We call this interstate job fraud. At the end of the day, you've also got less revenue available for public services."

According to Florida Rep. Omari Hardy, the subsidy is 2 1/2 times greater than what the state spends on affordable housing.

The Center for Economic Accountability noted the subsidy was more than the state planned to spend next year on elder affairs and veteran affairs combined.

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