Leaders at Norfolk County Council have insisted the authority is not at risk of bankruptcy, despite a series of local authorities getting into financial difficulties.
Birmingham City Council recently declared it could not balance its books, while councils in Hackney, Northamptonshire, Croydon, Thurrock and Woking have previously issued section 114 notices - effectively declaring them bankrupt.
Conservative-run County Hall needs to find £46.2m of cuts and savings in the next financial year, but leaders said they were not in the sort of situation other councils have found themselves in.
Liberal Democrat county councillor Saul Penfold, at a meeting of the full council on Tuesday (September 26), asked whether leaders were concerned pressures on children's services spending, the limbo over the Norwich Western Link and the 'crisis' in adult social care could trigger a financial meltdown at County Hall.
READ MORE: Norfolk County Council accounts still not signed off
Kay Mason Billig, leader of the council, said: "We have all been very concerned, having seen what happened to Birmingham.
"Having looked into the reasons behind that we can see this is due to an issue which hadn't been dealt with in terms of equal pay.
"I can confirm that Norfolk County Council tackled this particular problem over 10 years ago, so that issue will not arise here.
"I can also confirm we are working towards a balanced budget this year and I have every confidence we will achieve that.
"This council has always been run on very prudent lines. Although we face increased pressures from children's services and adult social care, which we have to provide, I am confident this council will not face a section 114 notice in the near future."
Andrew Jamieson, the council's deputy leader and cabinet member for finance, added: "Let me say categorically that I am able to report that it is my judgment that this authority is on a sound financial footing."
Mr Jamieson said it was getting harder for councils to "weather the storm", but said: "We have done all we can locally to safeguard our financial resilience."
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