General Fund revenue budget
Councils are currently addressing significant budget gaps and overspending in their general fund revenue budgets for day-to-day services.
Haringey Council's Cabinet decided in November 2025 to launch a public consultation on its draft 2026-27 General Fund Revenue Budget and medium-term financial strategy. This decision was made as the council addresses a significant estimated budget gap for 2026/27 and acknowledges new risks that could impact its financial outlook.
Meanwhile, Islington Council is facing budget challenges due to overspending in its Housing Revenue Account, which is ringfenced from the General Fund. The Corporate Resources and Economy Scrutiny Committee addressed this in October 2025, noting an in-year deficit of £6.516m, primarily driven by costs for damp, mould, and housing disrepair claims.
The General Fund Revenue Budget covers a council's day-to-day spending on services. No upcoming meetings are scheduled to discuss this topic. Tower Hamlets Council approved its 2024-25 budget, including a 2.99% Council Tax increase, in February 2024.
Key facts
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 1 October 2026. Spotted a mistake? Email community@opencouncil.network.