MD1348 Olympic Precept Funding Agreement with DCMS

Type of decision: 
Mayoral decision
Code: 
MD1348
Date signed: 
05 January 2015
Decision by: 
Boris Johnson MP (past staff), Mayor of London

Executive summary

The GLA has been raising a £20 band D council tax precept specifically for the Olympic and Paralympic Games since 2006-07 as part of its £625 million council tax contribution to the Public Sector Funding Package for the Games. The Mayor is asked to approve payments totalling £150.347 million which remain to be paid to the Department of Culture, Media and Sport (DCMS) over the three years 2014-15, 2015-16 and 2016-17.

Part 1: Non-confidential facts and advice