As previously reported by The Press, the council faces an "unprecedented" budget crisis - which will require it to fill a £30 million black hole.
While no budgetary changes have yet been announced, reducing highway investment and 'streamlining' parking charges have been suggested.
Following the news of the budget black hole, The Press asked the council if its plans to raise money include a rise in council tax.
Debbie Mitchell, director of finance at City of York Council, said: "The council’s financial planning for the next three years, from 2025/6 to 2027/8, includes a projected budget gap of £30 million.
"To address this, we are suggesting a council tax increase of 4.99 per cent for the year 2025/26 and the next two years. The reason for the 4.99 per cent rise is to help us cover rising costs, like higher prices for the things we need and more people using our services.
"While these increases are factored into our planning, they alone will not fully close the budget gap. Therefore, we are also consulting with residents on further options for balancing the budget, including additional revenue-raising measures and cost-saving initiatives.
RECOMMENDED READING:
- Council warns of 'difficult' cuts as 'unprecedented' £30m budget blackhole looms
- Council Tax bills set to rise by an average of £100 in the new year
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