Ad valorem property tax revenues may not exceed the amount received during the fiscal year plus the amount expected to be received during the first 30 days after the end of the fiscal year.

Question

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Ad valorem property tax revenues may exceed the amount received during the fiscal year plus the amount expected to be received during the first 30 days after the end of the fiscal year. There is no such limitation on ad valorem property tax revenues.

Ad Valorem Property Tax Revenues May Not Exceed the Amount