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average daily demand in fiscal 2014 of 8.8 mgd. Water use is regulated by the St. Johns Water <br />Management District through a consumptive use permit that expires in 2031. Management believes <br />current supply sources will be capable of meeting the county's long-term demand through at least <br />2030. <br />Wastewater is treated at one of four regional treatment plants, with a combined current treatment <br />capacity of 12.9 mgd. Average daily flow for the system is just 4.5 mgd, leaving plenty of treatment <br />capacity to meet future growth. Effluent is treated to 100% re -use standards, and as a result the county <br />does not expect to face significant capital or other regulatory compliance costs related to numeric <br />nutrient mandates for effluent discharged into local surface water. <br />STABLE LOCAL ECONOMY <br />The county's economy continues to see improvement following the economic downturn, categorized <br />by higher consumer spending and increases in tax rolls, sales tax and building permit revenues, and <br />a decline in foreclosure rates. The county's unemployment rate has declined to 7.8% as of September <br />2014, yet remained higher than that of the state (6.1%) and nation (5.7%). Finally, the county's MHI <br />is around 10% lower than the state and 20% below the national average. However, individual poverty <br />rates are slightly more favorable than the state and nation. <br />Contact: <br />Primary Analyst <br />Eva D. Rippeteau <br />Associate Director <br />+1-212-908-9105 <br />Fitch Ratings, Inc. <br />33 Whitehall Street <br />New York, NY 10004 <br />Secondary Analyst <br />Andrew DeStefano <br />Director <br />+1-212-908-0284 <br />Committee Chairperson <br />Doug Scott <br />Managing Director <br />+1-512-215-3725 <br />Media Relations: Elizabeth Fogerty, New York, Tel: +1 (212) 908 0526, Email: <br />elizabeth.fogerty@fitchratings.com. <br />Additional information is available at 'www.fitchratings.com'. <br />In addition to the sources of information identified in Fitch's Revenue -Supported Rating Criteria, this <br />action was additionally informed by information from Creditscope. <br />Applicable Criteria and Related Research: <br />--'Revenue-Supported Rating Criteria' (June 2014); <br />--'U.S. Water and Sewer Revenue Bond Rating Criteria' (July 2012); <br />--'2015 Water and Sewer Medians' (December 2014); <br />--'2015 Outlook: Water and Sewer Sector' (December 2014). <br />48 <br />