fiscal year

noun

: an accounting period of 12 months

Examples of fiscal year in a Sentence

Sales were up in the last fiscal year. Our fiscal year runs from October 1 to September 30.
Recent Examples on the Web Youngkin would probably call a special legislative session so lawmakers could start all over, racing to get a budget plan finished before the new fiscal year starts July 1. Laura Vozzella, Washington Post, 16 Apr. 2024 The changes, included in TARC's budget proposal for the fiscal year of 2025, head to Louisville Metro Council for final approval as part of its overall consideration of the city's budget. Rachel Smith, The Courier-Journal, 15 Apr. 2024 The one-time moves include canceling an $8.4 million reserve contribution for the ongoing fiscal year and a $21.4 million reserve contribution scheduled for the new fiscal year. David Garrick, San Diego Union-Tribune, 12 Apr. 2024 The project is being timed with paying off previous referendum debt early and would take place over the 2024-25 and 2025-26 fiscal years. Alec Johnson, Journal Sentinel, 11 Apr. 2024 For the Tarrant County Commissioners Court, the current budget development process for fiscal year 2025 will include consideration of a property tax exemption for child care facilities, according to spokesperson Bill Hanna. Lina Ruiz, Fort Worth Star-Telegram, 10 Apr. 2024 City Council adopted Duggan's plan to contribute $170 million instead of an initial proposal of $150 million for the 2025 fiscal year. Detroit Free Press, 9 Apr. 2024 For instance, the office of the mayor of New York predicted that the city will spend north of $12 billion through fiscal year 2025 to accommodate more than 100,000 migrants. Stephen Humphries, The Christian Science Monitor, 9 Apr. 2024 Newsom and legislative leaders must negotiate a budget by June 15, before fiscal year 2024-25 starts on July 1. Lindsey Holden, Sacramento Bee, 4 Apr. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'fiscal year.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1843, in the meaning defined above

Time Traveler
The first known use of fiscal year was in 1843

Dictionary Entries Near fiscal year

Cite this Entry

“Fiscal year.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fiscal%20year. Accessed 24 Apr. 2024.

Legal Definition

fiscal year

noun
: an accounting period of 12 months
Last Updated: - Updated example sentences
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