Should any city of the first class, city of the second class, or village elect to follow the method provided in section 19-1309, such city or village shall be bound by that election during the ensuing fiscal year but may abandon such method in succeeding fiscal years.

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Terms Used In Nebraska Statutes 19-1311

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.