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London's Croydon Unveils £568m Budget Draft with 4.99% Council Tax Hike
Croydon Council has published its draft 2027/28 budget totalling about £568 million, proposing a 4.99% council tax rise that would take a typical Band D bill to around £2,729.91 a year. It would be the fourth consecutive maximum increase for the borough, which carries about £1.7bn of historic debt and has been under government commissioners since July 2025. The cabinet considers the draft on Oct. 14.
Why it matters
Croydon is the most financially stretched of London's 32 boroughs: saddled with about £1.7bn of historic debt and under government-appointed commissioners since July 2025. The new draft budget hits residents' wallets and public services directly — a fourth consecutive maximum tax rise costing a typical household about £130 more a year. The cabinet reviews the draft on Oct. 14, followed by public consultation and a final vote in February, so now is the window for residents to have their say.
Full report
Croydon Council has published its draft 2027/28 budget totalling about £568 million. The headline measure is a proposed 4.99% council tax rise — 2.99% for core services plus a 2% adult social care precept — the maximum allowed by central government.
That would take a typical Band D household's annual bill to around £2,729.91, about £130 more than this year. It would be Croydon's fourth consecutive year of maximum increases.
Croydon carries about £1.7bn of historic debt, making it one of the most indebted councils in the country; government commissioners have overseen its finances since July 2025. The council says the rise is needed to sustain core services and service the debt.
The draft goes to the council's cabinet on Oct. 14, followed by public consultation, with the final budget due for a full-council vote in February 2027.
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