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When does Arizona's fiscal year begin?

  1. January 1st

  2. March 1st

  3. July 1st

  4. October 1st

The correct answer is: July 1st

Arizona's fiscal year begins on July 1st and runs through June 30th of the following year. This timing aligns with the budgeting cycle used by the state, allowing state agencies and local governments to plan and manage their financial resources effectively. By starting the fiscal year in July, Arizona follows a practice that is common among many states and helps coordinate financial reporting and funding allocations, especially in relation to educational institutions and public service programs. Other time frames, like January 1st or October 1st, do not reflect the state’s budgetary cycle, making July 1st the definitive start of its fiscal activities.