MD2452 GLA budget for 2019-20

Following the budget setting exercise in the period from Autumn 2018 to February 2019, the detailed Greater London Authority (GLA) budget for 2019-20 now needs to be agreed. It takes effect at the start of the new financial year on 1 April 2019 and is set out in the Appendix to this decision form.

The budget is set out as presented during that budget setting process with updates where appropriate, particularly those arising from:

• Multi-year profiling of additional activities funded from the additional Business Rates and Council Tax income identified in the GLA Group budget in February 2019;
• Government confirmation of the arrangements for the devolution of the Adult Education Budget (AEB); and
• The carry forwards agreed at the end of Quarter Three 2018-19.

The budget sets the financial envelope for the GLA’s operations in 2019-20, particularly in terms of its staffing and programme budgets. The budget will be deployed to meet the Mayor’s priorities for the organisation.

Equalities issues are highlighted in the appended budget document.

There are no other considerations.

Financial issues are integral to this decision.

There are no specific legal issues arising for the GLA from this decision.