Councillors have called for a "proper plan" to ensure their local authority is "making better use of public money" during the cost of living crisis.
Labour members at Wymondham Town Council tabled a motion last week to develop a four-year project that would accelerate change in the area and push the authority to use its "large" buildup of cash tucked away in reserves.
Those behind the strategy say they hope it will enable the authority to "freeze or reduce the council's share of council tax next year" and reduce the amount locals are asked to contribute.
"The council currently has large amounts of money tucked away with no detailed plans on how to spend it," said Labour councillor Michael Rosen.
"These funds have been earmarked for projects across the town.
"If we had clear plans with realistic deadlines then this money could be put to better use and make sure change happens quickly."
Members of Wymondham Town Council, which spends roughly £600,000 of public money each year, will begin discussing next year's budget in November.
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And the motion for a fresh budget plan, which was in principle backed by Liberal Democrat John Frosdick, will be discussed further at the next full town council meeting.
"We would like residents to have places where they can enjoy time with friends and family without it costing too much," he added.
"This strategy would pull together all the agreed projects and set out when they will happen within the next four years."
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If approved, the plan would give councillors clear oversight of spending decisions and see the authority's finance committee meet every month in order to receive a full written report from the council clerk.
"Three months in the job and we still haven’t had a detailed written report and open discussion about our financial position," Cllr Rosen concluded.
"I can’t imagine any family in Wymondham not knowing how much they are spending each month.
"There’s a lot of detail but it all adds up to one thing – better use of public money."
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