Services could be axed, charges increased and property sold off as the council faces even more budget cuts.

The city’s finance chief has said the council is planning for a three-year budget process and is estimating that cuts of £120 million will be needed.

Plans for meeting the budget could include people paying for services that are currently free and the possibility of some services being scrapped altogether.

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Glasgow has suffered half a billion pounds worth of cuts in the last decade with council services affected.

The projected budget shortfall would have been even higher but a boost to the city’s finances from the Strathclyde Pension Fund means it will save some cash.

Because the fund reported a larger surplus the council will reduce its employee costs for the next two years.

But still, savings of £40m a year across the council for the next three years is predicted.

The Council budget will be set in February next year after the Scottish Government sets its budget and confirms allocations to local authorities.

Council Tax is not expected to rise after First Minister Humza Yousaf announced last month the Scottish Government would be funding a council tax freeze.

In a report to councillors, Finance Director, Martin Booth, said the three-year budget: “Provides more time to plan and implement budget options so allows for more complex and significant proposals to come forward.”

A strategic budget group has been set up to pursue the savings needed based on a set of principles, which could see some council services stopped altogether.

The plan includes redesigning services to provide efficiencies.

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The principles also include “prioritisation of services identifying areas where services need to be reduced or ceased based on risk, affordability and demand”.

Council officers will also look at “options for increasing capital receipts through identifying commercially attractive operational property and land assets for sale.”

The cost of parking and using facilities like gyms could also go up or new fees introduced for services that are currently free.

The paper states: “Income generation proposals including opportunities to increase existing charges and the introduction of new charges.”