The Mayor’s Budget for 2024-25
Stage: Policy publishedFind out more about the Mayor’s proposed spending plans and priorities for 2024-25. Have your say in our consultation before the end of Wednesday 10 January 2024.
Closed
725 Londoners have responded | 19/12/2023 - 10/01/2024
Background
The Mayor’s Budget sets out the Mayor of London’s financial plan to deliver his priorities for the year ahead.
What does the Budget pay for?
The Budget funds the Greater London Authority (GLA), the London Assembly and the GLA Group. The GLA Group includes:
- Mayor’s Office for Policing and Crime (oversees the work of the London Metropolitan police).
- Transport for London
- London Fire Commissioner
- London Legacy Development Corporation (leads on Queen Elizabeth Olympic Park)
- Old Oak & Royal Park Development Corporation (leads on the regeneration of the Old Oak Opportunity area).
Council tax
The Budget also determines how much Londoners will pay for the Mayor’s part of the council tax collected by local authorities. The Mayor’s part of the council tax (called a ‘precept’) helps pay for services provided by City Hall and the GLA Group.
Delve deeper
Our approach
The consultation on the Mayor's Consultation Budget for 2024-25 is now open. Tell us about the issues that matter most to you and help inform the final Budget. Your feedback will be shared with City Hall’s finance team.