In the current financial year (1996/97) each London council tax payer contributed£49.84 towards the Met's budget.
But for 1997/8, that amount is set to rise to£57, an increase of 14.4% (average band D figures).
The extra burden on council tax payers arises because, although the government has increased the Met's expenditure limit, it has not agreed to meet all the costs.
The delegation of councillors from the ALG, which represents al 33 London boroughs will ask the home secretary for a review of the way in which the Met's budget is set, and an increase in the contribution from central government.
ALG chair Toby Harris, who will be leading the delegation, said: 'Londoners have seen a reduction in police numbers, but are being hit with hugely increased costs.
'We will be urging the home secretary to recognise that when it comes to policing London is a special case.
'The metropolitan police has all the responsibilities of the capital city, over a million commuters each day, huge numbers of tourists from home and abroad, concerts and sporting events, demonstrations, terrorism alerts and planning for emergencies.
'Londoners should not be expected to bear the brunt of government underfunding for policing the capital.'