Agenda item

Report of the Town Clerk.

The Committee considered a report of the Town Clerk concerning the 2017 budget for the London Councils Grants Scheme and the City Corporation’s contribution to it.

RESOLVED – that:-

1.   approval be given to the total amount of expenditure to be incurred in 2017/18 under the Scheme (£8.668m) and to the City Corporation’s subscription for 2017/18 (£7,744) as set out in Appendices A and B of this report; and

2.   subject to the Court of Common Council’s approval (as levying body for the Scheme), the levy of £7,668,152 (as set out in Appendix B) be agreed. It being noted that the Court’s approval would be sought using the urgency procedures and was subject to at least two-thirds of the constituent councils agreeing the total expenditure to be incurred before 1 February 2017.