Which budget utilizes the term "fiscal year"?

The term "fiscal year" is commonly associated with the state budget as it refers to the 12-month period used by governments for accounting and financial reporting. Each level of government (local, state, county, and federal) may have its own fiscal year, but the state budget tends to emphasize this term more prominently, as it delineates the government’s annual financial plans, revenue collection, and expenditure strategies that are effective for that specific period.

In addition, states often have specific legal requirements regarding the timing of their fiscal years and the approval process for their budgets, making the term more relevant to state-level budgeting than at other levels. This is why "fiscal year" is closely linked to the state budget, reflecting the structured timetable for budgeting, spending, and financial accountability that is mandated by state law and overseen at the state level.