Gloucester City Council is reportedly looking to ask the Government for a further £8m.
Sources have told the BBC that council leaders revealed the plans last Thursday (17 September), though it is unclear whether the money would cover existing financial problems or new ones.
The council was awarded £15.5m by the Ministry of Housing, Communities and Local Government (MHCLG) in February after effectively going bankrupt. The exceptional financial support, available until 2027, lets it borrow more or sell assets.
A spokesperson for Gloucester City Council said: ‘We have not made a submission to MHCLG for further funding. Unless that position changes, we won’t be making any further comment.’
Financial problems emerged last year when the council found a combined £7m deficit across two financial years and no cash reserves.
The Liberal Democrat-run administration blamed over-estimated service income, poor investment performance and higher interest rates.
