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QUESTION

During the year, the city imposed license fees on street vendors. All vendors were required to purchase the licenses by September 30, 2012.

During the year, the city imposed license fees on street vendors. All vendors were required to purchase the licenses by September 30, 2012. The licenses cover the one-year period from October 1, 2012 through September 30, 2013. During 2012 the city collected $240,000 in license fees.

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