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A government has a fiscal year end of June 30, 20x2. Tax bills for each fiscal year are prepared and mailed in June prior to

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A government has a fiscal year end of June 30, 20x2. Tax bills for each fiscal year are prepared and mailed in June prior to the beginning of the fiscal year for which they apply. Tax revenue for the fiscal year ending June 30, 20x2, would include Only the levy as of June 20x1 Only the levy as of June 20x2. Only taxes levied in June 20x1 which were collin either June 20x1 or between July 1, 20x1, and June 30, 20x2, as well as any taxes associated with either the June 20x1 or the June 20x2 levy collected within 60 days following June 30, 20x2. Only taxes levied in June 20x1 which were collected in either June 20x1 or between July 1, 20x1, and June 30, 20x2, as well as any taxes associated with the June 20x1 levy collected within 60 days following June 30, 20x2

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