- Reference: 2003/0188
- Question by: Eric Ollerenshaw
- Meeting date: 11 June 2003
"In its business plan for 2003/4 - 2008/9 TfL projects a funding gap of some £521.7m between what it wants to spend and what its income is predicted as by 2008/09. Most of this overspend is due to the planned renewal of bus contracts with bus network costs shown to increase from £246.1m in 2002/03 to £858.5m by 2008/09. A) Isn't it imprudent to plan to budget at such levels when funding isn't guaranteed? B) If government subsidy doesn't increase to fill this funding gap, where do you see the extra revenue being raised from to fund TfL's preferred level...