The Mayor's final Budget - Assembly response
What legacy is the Mayor leaving for his successor? The Budget and Performance Committee’s report looks at how the current Mayor’s proposed budget will impact City Hall after he steps down.
The report presents the Committee’s findings on the Mayor’s final budget for London, assessing the challenges across policing, fire, transport, housing and regeneration – including:
- the Mayor intends to cut Band D council tax by £19 in 2016-17, meaning his successor will have around £50 million less to spend in their first year
- cuts to TfL’s government grant have led to uncertainty about its investment programme
- the Mayor is changing how he invests in affordable housing, which may have consequences for the number of affordable homes built over the 2015 to 2018 programme.
The report is attached at the bottom of this page.
Update: Following publication of the report, Transport for London clarified a statement made by the Commissioner of Transport at the 7 January 2016 meeting of the Budget and Performance Committee. Paragraph 4.6 of the report has been revised accordingly.