Fernandina Beach News-Leader
By Jessica Waters

A strong tourism industry, a low unemployment rate and an upward swing in the tax base – combined with the revenue boost from last year’s 1 mil tax bump – all contributed to Fitch Rating’s recent affirmation of the county’s A+ rating on its $26.3 million non-ad valorem revenue bond debt and a AA- general obligation rating.

However, Fitch, a company that provides credit ratings, commentary and research, reiterated warnings that have featured prominently in several of the company’s last ratings reports for Nassau County.

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