It’s one of two options it is considering to overcome the deficit, the other being a huge council tax increase of almost 15 per cent.
In light of the deficit the Conservative-run administration is facing in the current financial year, its chief financial officer (CFO), Andrew Lowe, will present the plans to the cabinet.
The first option proposes a 14.99 per cent increase in council tax for 2026/27, which would require approval from residents via a referendum on May 7.
In his report, Mr Lowe said this option would allow the council to set a balanced budget, supported by taking £13.3 million from its reserves.
It would also leave enough funds in the Budget Bridging Reserve —the council’s “piggy bank”—…