In response to a consultation on the future of academy funding, the body, which represents the capital’s 33 councils, said the government’s plans for distributing cash are "flawed and lack transparency".
London Councils refuted Department for Education claims that the funding transfer plans for 2011 to 2013 will save councils money.
Instead, the arrangements are likely to leave councils with a shortfall in their educations budgets. London Councils said this will "unfairly" reduce funding for maintained schools.
Steve Reed, London Councils’ executive member for children and young people, said: "We have deep reservations that the government’s sums on how academies will be funded do not add up and it will be council-tax payers who have to pick up the bill for this. We are also concerned that the impact of these flawed calculations will be felt far beyond the classroom as other services are cut as a result.
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