Fernandina Beach News-Leader (June 5 Edition, Page 6A)

Citizens for a Better Nassau County today released an updated study, performed by the real estate economics consulting firm RCLCO, that reexamines Nassau County’s fiscal sustainability. The original study, which was commissioned by Citizens for a Better Nassau County back in 2016, showed that Nassau County was facing long-term fiscal sustainability issues.

Specifically, the 2016 study found that the county’s tax base was much more dependent on its residential tax base than surrounding counties, counties of a similar size and to Florida as a whole. It also showed that the anemic growth in industrial and commercial land use development had created a much greater reliance on residential property taxes to fund the county government and that a lack of higher value industrial and commercial development had contributed to the one-mill property tax increase that had happened at that time.

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