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.

Source

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.