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in January 1st 2017, balance in deferred inflows- property taxes relates to the amount of the 2016 levy that was expected to be collected more

in January 1st 2017, balance in deferred inflows- property taxes relates to the amount of the 2016 levy that was expected to be collected more than 60 days after December 31st. This amount should be recognized as 2017 revenues. thank you

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