Increase in LFEPA funding by 3m

Meeting: 
MQT on 2014-02-26
Session date: 
February 26, 2014
Reference: 
2014/0586
Question By: 
Stephen Knight
Organisation: 
Liberal Democrats
Asked Of: 
The Mayor

Question

Is your recent decision to increase LFEPA's budget by £3m per year an admission that the LSP 5 savings are not materialising as hoped?

Answer

Answer for Increase in LFEPA funding by 3m

Answer for Increase in LFEPA funding by 3m

Answered By: 
The Mayor

I have decided to allocate a further £3 million to LFEPA through uplifting its council tax requirement. This was in order to boost LFEPA's reserves to help offset the budgetary pressures it is facing, particularly those arising from the costs of strike action.