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AP U.S. Government 2.4 Public Policy 182 Views


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AP U.S. Government 2.4 Public Policy. The federal government's fiscal year begins on...what?

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Transcript

00:00

Thank you We sneak and here's your shmoop du jour

00:05

brought to you by april fifteenth the most taxing day

00:08

of the year The federal government's fiscal year begins on

00:13

what and hear the potential answers Well even though we

00:17

all share the same calendar the government and business go

00:20

buy a fiscal year that is different from us Regular

00:23

folks let's get these answers on the books and see

00:25

if we can make a date First up is january

00:29

one but we already said that the fiscal year has

00:31

a different start date than the calendar year so we

00:34

can make a resolution to nix that one Next up

00:37

is april fifteenth which is the deadline for filing our

00:40

taxes a red number day in the government calendar for

00:43

sure But weekend paper cut this one loose june one

00:46

seems a bit random and july fourth is a national

00:49

holiday so we can free up those days as well

00:51

Which leaves us with october first Under the nineteen seventy

00:54

four budget and empowerment control act congress chose october first

00:59

as the start of the fiscal year which gives them

01:01

the whole bunch of time to pass their appropriations and

01:04

spending bills So d is the correct answer Just because

01:07

congress is supposed to have its appropriations bills passed by

01:10

october one doesn't mean it always happens Remember the government

01:13

shut down in two thousand thirteen That occurred because congress

01:16

couldn't pass the spending bills required to fund the government

01:20

Talk about a terrible wavering in the new fiscal year

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