Northamptonshire this week published its final budget proposals for 2019/20.
The council was given a dispensation in January this year to raise council tax by 4.99% without holding a referendum.
Northamptonshire will make use of this power, which it says will bring in an extra £5.8m a year.
To help deal with its financial crisis, the council was also allowed by the government to use £70m of capital receipts as revenue in November last year.
The council said that £35m of this would be used to plug the 2017/18 budget deficit and £20m would be used to bolster its 2019/20 reserves.
The projected out-turn for the current financial year has improved to an overspend of £1.4m, from the £28.8m reported in the July 2018 s114 Notice, and the £9.8m in the Period 8 monitoring report, dated 15 January 2019.
The decline in the forecast shortfall is partly due to £7.8m of savings assessed as delivered under the council’s Stabilisation Plan.
The budget proposals will be voted on at a cabinet meeting on 14 February.