THE Conservative Party has accused Labour-run Nottingham City Council of cutting services "while sitting on reserves".
It has criticised the council for increasing charges for adult social care and reducing highways maintenance despite having cash reserves of �50.7m.
The council is one of a number of Labour councils that have been rapped by the Tories, along with Manchester, Liverpool and Camden.
But deputy council leader Councillor Graham Chapman said the council had only about �9 million which had not been allocated, to see it through the "next couple of years".
"I think it's a political ploy. Our reserves are allocated to things like schools, some is in preparation for the tram, for health centres, some of it is for insurance and they wouldn't want us to go without insurance."
He said that the unallocated �9 million was the level recommended by the District Auditor and equated to about four per cent of the authority's budget.
The criticism followed nationwide research of public reserves by the Tories.
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