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Response to the Mayor's consultation draft budget 2009/10 PDF Response to the Mayor's consultation draft budget 2009/10 RTF
The economic downturn is now the biggest challenge facing Mayor Boris Johnson as he sets his first budget for the capital, according to this report. The Mayor is grappling with this challenge, while attempting to re-orientate City Hall to his new priorities.
The report says that, with less than one month to go before the budget process is complete, there is still a lack of clarity about some structural, policy and financial decisions, and where some of the savings required by the Mayor will come from. In order to demonstrate value for money, the Mayor needs to show that he is not just about spending less but showing what more Londoners can get for their money. The Committee's analysis of the Mayor's draft budget shows that in 2009-10, the precept freeze can be achieved without too much pain. However, in future years, significant questions remain about how the MPA and LFEPA particularly can continue to cut their budgets without affecting services