Thame Town Council needs a lot more money in the kitty, its deputy mayor Mike Welply has said.
And council tax payers will have to find it. He told the finance committee: "We have run our funds too low.
"In previous years we have kept spending down and used a lot of our reserves to keep the council tax demand down.
"But now we need to build it up again." He said that by 2003 he wanted at least £150,000 in reserve.
Finance committee chairman Paul Gleeson said: "That would be a bare minimum - it is less than three months' expenditure."
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