The Committee is recommended to:
- Agree the TfL settlement of £333.94million for 2016/17.
- Agree to the ATOC settlement of £18.520 million for 2016/17
- Note that in May 2015, a number of services in north and east London transferred from TOCs to TfL.
- Agree a budget for non-TfL bus services of £1.7 million.
- Agree the reissue budget for 2016/17 of £1.518 million
- Agree the borough payments for 2016/17 of £355.678 million
- Agree the payment profile and dates on which boroughs’ contributions are paid as 9 June 2016, 8 September 2016, 8 December 2016 and 9 March 2017.
- Agree the 2016-2017 London Service Permit bus operators (non-TfL buses) Concessionary Scheme.