Item 4 - Assessing Future Funding Options for Local Government: Update

At its meeting in March 2014, Leaders Committees considered a paper on future funding options for local government.  

During these discussions, London Councils officers were asked to further consider possible future funding options to support potential discussions that may follow with Government as part of the Spending Review 2015 process.   

Work has focused on the four principal elements of the current local government finance system, namely:
•    The grant regime,
•    The role of financial incentives,
•    Council tax, and 
•    Business rates.

This report provides an update of the work carried out to date.

Recommendations    

Leaders Committee is invited to comment on the issues raised in this report and in particular the questions raised in paragraphs 23, 30, 38 and 46.