
In summary, although there are many moving parts to the bond transaction, it does not appear to incorporate a direct city subsidy; that is, an agreement in which Disney is entitled to a “rebate of transient occupancy tax, sales tax, entertainment tax, property tax or other taxes, presently or in the future, matured or unmatured." Therefore, it is the city attorney’s opinion that Measure L would not apply to Disney by virtue of the bond transaction.Discussion on Fabela's report will be held by the Anaheim City Council this upcoming Tuesday. Source: Los Angeles Times