 The mayor said the 38p Londoners pay for the Games is a bargain |
Londoners will not pay any more after the government announced a rise in the Olympic budget, the mayor has said. Culture secretary Tessa Jowell said the cost of hosting the 2012 London Olympics has nearly trebled to �9.35bn.
As part of the revised budget, London mayor Ken Livingstone will have to come up with an extra �300m.
But he has said he will not increase the current 38p a week contribution Londoners pay on the council tax for the Olympic Games.
A spokesman for the mayor said the extra �300m will come from "within the Greater London Authority group".
 |  To get the Games for the price of a walnut whip a week is a bargain |
BBC London's political editor Tim Donovan said Mr Livingstone may raid Transport for London reserves and use a �200m loan he has taken out for transport improvements in east London
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