Item 5 - Assessing Future Funding Options for Local Government

Summary    

Autumn Statement 2014 provided a broad indication of the public finances up to 2020.  It is clear that local government, and the wider public finances, face a period of prolonged financial austerity.

Recently, there have been a number of reports and contributions on the future of the current local government finance system and the options for reform.

This report explores some of the principal issues raised and highlights a number of future funding options, which London’s Leaders may wish to consider further.

Summary    

Autumn Statement 2014 provided a broad indication of the public finances up to 2020.  It is clear that local government, and the wider public finances, face a period of prolonged financial austerity.

Recently, there have been a number of reports and contributions on the future of the current local government finance system and the options for reform.

This report explores some of the principal issues raised and highlights a number of future funding options, which London’s Leaders may wish to consider further.

    
Recommendations    

Leaders Committee is invited to comment on the issues raised in this report confirm the proposal for further research in paragraph 30.