The authority faces a budget deficit of £165m this year after declaring itself bankrupt.
The desperate financial state in which Birmingham city council finds itself has been laid bare in a new report.
They noted "very limited progress in developing options to close the budget gap" for the next two financial years and a "radical step-change in approach" was required. "Although there will inevitably be some difficult decisions, many services could deliver better outcomes for the citizens at lower cost," it added.
It means capital assets - like buildings and land - will have to be sold off, and other spending projects paused or cancelled. The most positive news came last month when it was revealed the local authority had struck a deal with unions to end a dispute over a job grading scheme, which it is expected to stem future equal pay claims.
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