2025-26 GLA Budget

The Mayor is responsible for a total budget of £20.7bn and is responsible for allocating funds for the Greater London Authority (GLA) and its functional bodies, which include the GLA, Transport for London, Mayor's Office for Policing and Crime and the London Fire Commissioner.

The Budget and Performance Committee leads scrutiny of the Mayor's budget delivery, examining the allocated budget for each functional body.

The aims of the Committee’s 2025-26 Budget Scrutiny process include:

• Interrogating the financial position and challenges of the GLA Group and individual Functional Bodies
• Examining the Mayor’s budget proposals, considering strengths and weaknesses, risks, gaps, feasibility, expert views and implications for the lives of Londoners including equalities
• Examining how the funding allocations support delivery of the Mayor's manifesto/objectives. To consider any new funding initiatives for 2024-25 and their policy implications
• Informing any recommendations for changes to the Mayor’s budget.