Councils in Derbyshire are planning to create an £18m reserves fund to help pay for the reorganisation of local government in the county.
An estimated £16.2m will come from the county’s 10 councils and £1.8m from central government, according to a report to a meeting of Derbyshire’s strategic leadership board next week.
Derbyshire County Council will contribute £10.2m and Derby City Council £3.5m, while the county's eight district councils will each pay between £223,000 and £401,000.
In July, ministers confirmed the county's 10 councils would be replaced by two new unitaries covering the north and south of Derbyshire from April 2028.
The total cost of the process is estimated at £66.4m, but officials expect this to be recovered within four years through savings that could reach £44m a year by 2033-34.
The Government will also provide £900,000 in transition funding for each of the two new unitary authorities being created.
