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How your Council Tax is used by other organisations
How the Greater London Authority, London Pensions Fund Authority and other organisations use Council Tax
How the Lee Valley Regional Park Authority uses 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 the council tax.
This year there has been a 2.7% increase in this levy.
| budget / levy 2024-25 £m |
budget / levy 2025-26 £m |
|
|---|---|---|
| Authority operating expenditure |
15.3 | 15.6 |
| Authority operating income | (7.8) | (8.0) |
| Net service operating costs |
7.5 | 7.6 |
| Financing costs - debt servicing/repayments | 2.2 | 2.1 |
| Financing costs - capital investment | 1.3 | 1.6 |
| Total net expenditure | 11.0 | 11.3 |
| Net use of reserves | (0.0) | (0.0) |
| Total Levy | (11.0) | (11.3) |