Revenue funding
London local government received approximately £22.2 billion of funding to spend on local services, capital programmes and maintaining and investing in local authority housing (HRA).
This bubble chart shows how London local government was funded in 2015-16.
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London boroughs’ core funding is equal to £8,363 million. £1,866 million of that is made up of Special and Specific Grants, 2,712 million is Council Tax and £376 million is Settlement Funding Assessment
Revenue expenditure
The second chart shows how London local government has budgeted to spend a total of £21.9 billion in 2015-16.
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