More than 180 jobs are at risk as a result of saving at least £62m over the next three years, Nottinghamshire County Council has warned.
It says the savings are needed because of a reduction in income and increasing demand for services, in particular social care services for older and vulnerable people and children.
A total of 58 savings proposals cover all areas but the council says that wherever possible they will be achieved through 'new, creative ways of delivering services'.
These include using technology to help older people live independently in their own home for longer, setting up community partnership libraries and investing in better IT to increase productivity and improve customer service.
The council’s capital programme for 2016/17 will include spending £80m on major infrastructure projects, £18.8m to create new school places and £9.7m on refurbishing school buildings.
Council leader Alan Rhodes said: 'In common with all local authorities, especially those responsible for providing social care services, the county council’s financial position remains extremely challenging.
'But extraordinary times call for extraordinary measures and for the first time, councillors from different political groups have put our differences aside to work together on this year’s proposals.
'Although decisions have remained extremely tough, working together for the good of the authority at this difficult time has been of benefit.'
