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District sets aside $119 million as Disney valuation litigation clouds revenue and charter repayments
Summary
CFO Doreen Concolino told the board the unresolved lawsuit over Walt Disney World property valuations could affect district property-tax revenue and force repayment to the county; the district has set aside funds and warned charter schools may need to reimburse proportionate shares.
Orange County Public Schools officials told the board on May 20 that pending litigation over Walt Disney World property valuations could reduce the district’s taxable base and trigger multi‑million‑dollar adjustments that would affect future operating revenues.
CFO Doreen Concolino said the litigation “will potentially affect revenues tied to the district’s property valuation. Current projections estimate an impact ranging from 6,500,000.0 to $13,000,000 per year.” She added that the district has set aside about $119,000,000 at the close of fiscal 2025 to cover potential repayments.
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