Policies include cutting City Hall’s share of the council tax by 10% and a 30% reduction in Tube delays by 2015.
The Mayor has also pledged to secure a better financial settlement for London from central government.
In a statement Mr Johnson said: “This election is about trust and in tough times we must be honest with Londoners about where the money is coming from. That is why we have a fully costed, fully funded 9 point plan to continue taking out billions in unnecessary expense”
He added: “Above all I want to stop London from lurching back to the arrogance waste and broken promises of the past. I want to lead London out of recession, get real value from the Olympics and lengthen London’s lead as the greatest city on earth.”
Candidates for Mayor include Jenny Jones (Green party), Ken Livingstone (Labour), Lawrence Webb (UKIP) Boris Johnson (Conservative) and Brian Paddick (Liberal Democrat). A full list of candidates can be found here.