A year ago the city was going to allow the bank just to maintain continue paying the city a rate much less than what they were paying the county. This would have resulted in millions of dollars in less interest if the contract had been renewed at that point. We put a light on this unfairne. Now after making the bank go back to the drawing board a third time, we’re finally getting a rate the city deserves.
That didn’t happen because the bank suddenly felt generous. It happened because someone was finally paying attention. It happened because the City knew others were paying attention too.
It happened because DOGE asked the question.
This is exactly why NassauFLDOGE exists.
Not to create noise — but to create results.
No headlines will say it. No official statement will connect the dots. But the sequence is clear: the issue was ignored… until it wasn’t.
And once it wasn’t, the numbers changed.
Is it perfect? No.
Is it better? Absolutely.
And it proves something every taxpayer should remember:
When no one is watching, you get the rate they give you.
When someone speaks up, you get the rate you should have had all along.
This wasn’t luck.
This was accountability.
And we’re just getting started.
P.S. – Maybe Nassau County government should look at their banking relationship and make sure they are getting as high an interest rate as Fernandina Beach gets now. Just sayin…