London Councils Revenue Budget 2007/08

This report details the finalised income and expenditure budget for 2007/08 and the level of core borough subscriptions for 2007/08, following the decision of the London Housing Unit Committee (LHUC) to reduce budgeted expenditure by 3%, which equates to £30,000, for 2007/08. Total borough subscriptions for LHUC members have also been reduced by £30,000, equating to £1,250 per borough.