investment income from properties
Bromley Council is currently addressing a projected budget overspend, partly attributed to pressures on investment property income.
Bromley Council is currently addressing a projected £4.5 million overspend for the 2026-2027 financial year, with budget monitoring data presented to the Executive in September 2026 highlighting pressures on Income from Investment Properties. This overspend is forecast to lead to a £3,082,000 reduction in the General Fund balance by March 2027.
The council's report noted that this reduction would bring the level of general reserves to £16,918,000 by the end of the financial year. The overspend in Income from Investment Properties was attributed to lease-related factors, as detailed in the September 2026 report.
Key facts
- Bromley Council projects a £4.5 million overspend for 2026-2027, partly due to investment property income. Source
- The projected overspend could reduce Bromley's General Fund balance by £3,082,000 by March 2027. Source
- Bromley's general reserves are projected to reduce to £16,918,000 by March 2027. Source
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 30 September 2026. Spotted a mistake? Email community@opencouncil.network.