Derby City Council's leader says the authority will do whatever it takes to stabilise its finances.
BBC political reporterThe gap must be closed before the end of the financial year to avoid calling on reserves, the authority's head of finance has warned.Councillors will now be asked to agree further spending cuts and a recruitment freeze to prevent this.
If no preventative action is taken the overspend will "deplete reserves, to the point that could put at risk the financial sustainability of the council", the report states, referring to the risk of a Section 114 being issued by the section 151 officer to declare effective bankruptcy.
Councillors will now be asked to agree further spending controls at a meeting on Wednesday, including more cuts to services, generating income by leasing out rooms in the Council House and using more artificial intelligence to deal with phone calls.
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