London's 33 borough councils are facing budget preparations that indicate an imminent rise in council tax bills by almost five percent from April. Major boroughs, including Islington and Greenwich, are expected to cross the £2,000 threshold for average payments annually, impacting many households. Mayor Sadiq Khan has proposed a four percent increase in his portion of the council tax to bolster funding for the Metropolitan police. The financial reviews highlight the progress made amidst previous underfunding, while addressing substantial increases in demands for adult social care and services.
According to draft budget planning documents, most London borough councils are expected to agree to a near five percent rise in council tax bills starting in April.
Sir Sadiq Khan has proposed a four percent increase in his share of council tax, primarily to increase funding for the Metropolitan police.
Council leaders highlight longstanding financial difficulties, emphasizing better financial settlements this year, which will help improve services despite the rising tax bills.
Several boroughs anticipate charging more than £2,000 per year for council tax bills for the first time, reflecting increasing financial pressures in the region.
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