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fiscal year
noun
- any yearly period without regard to the calendar year, at the end of which a firm, government, etc., determines its financial condition.
fiscal year
noun
- any annual period at the end of which a firm's accounts are made up
- the annual period ending April 5, over which Budget estimates are made by the British Government and which functions as the income-tax year
fiscal year
- A twelve-month period for which an organization, such as a government or corporation , plans the use of its funds. Commonly, fiscal years run from July 1 to June 30, or, in the case of the U.S. government, from October 1 to September 30.
Word History and Origins
Origin of fiscal year1
Example Sentences
Despite the punishing headwinds, the county balanced its $48-billion recommended budget for the upcoming fiscal year, which officials credit to cautious financial planning.
Bass is hoping to avoid those layoffs, either through state funding or by renegotiating promised raises that have added considerable heft to personnel costs for the next fiscal year.
Administrators of programs that are supposed to begin their next fiscal year May 1 say they have not received the next round of funding.
Raises scheduled for the workforce in the coming fiscal year are expected to add about $250 million in costs.
The mayor’s annual address came shortly before she released her budget proposal for the fiscal year 2025-26, which features cuts to a wide array of city agencies.
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