How the Greater London Authority, London Pensions Fund Authority and other organisations use Council Tax
Lee Valley Regional Park is a unique leisure, sports and environmental destination for all residents of London, Essex and Hertfordshire.
The 26 mile long, 10,000 acre park, much of it formerly derelict land, is partly funded by a levy on Council Tax.
This year there has been a 3% increase in this levy.
| 2023-24 £m |
2024-25 £m |
|
|---|---|---|
| Authority operating expenditure |
15.5 | 15.3 |
| Authority Operating Income | (7.3) | (7.8) |
| Net service operating costs |
8.2 | 7.5 |
| Financing costs - debt servicing/repayments | 2.0 | 2.2 |
| Financing costs - capital investment | 0.9 | 1.3 |
| Total net expenditure | 11.1 | 11.0 |
| Net use of reserves | (0.5) | 0.0 |
| Total Levy | (10.6) | (11.0) |
Read more about how this budget is spent and the amount each council contributes.