Essex County Council will seek to freeze council tax for the fifth financial year in a row.
Councillors will also discuss at the next cabinet meeting the need to make £180million in savings by April 2018 while investing up to £270million in roads, schools and flood defences.
County Hall says its proposals for the next financial year means it will be setting the lowest council tax in the eastern region.
Deputy leader of Essex County Council, Cllr Kevin Bentley, said: "We have developed a budget that, despite the challenges we are facing, will deliver major investment in Essex benefiting families and business alike.
"We are investing in the issues people are most concerned about.
"This includes creating more places in our schools, improving our road network and providing increased protection from the weather for our coastal communities.
"We are also looking after the most vulnerable in our communities and boosting economic growth through supporting businesses."
'Challenging'
Under spending plans detailed today (January 19), the council signalled its desire to invest £131 million in the county's highways and transportation network, including £4 million to support the design of and consultation on improvements on the A120 and the Chelmsford North East bypass.
More than £79million has also been earmarked for 3,000 extra primary school places in the 2015/2016 academic year.
Other investments proposed for this year include £32 million for transport services including bus routes, community transport services and concessionary bus passes for the elderly and disabled.
The proposals also highlights the council needs to develop schemes saving £72 million in 2015/2016 and a total of £180 million – around £200,000 a day – by April 2018.
Cabinet member for Finance, Cllr John Spence, added: "We have produced a budget supporting our communities, businesses and our ambitions for Essex. It is a budget that invests in long- term solutions for our county rather than simply applying quick-fix sticking plasters.
"However, there are still challenging times ahead with austerity set to continue until at least 2020.
"We cannot and will not shirk from the difficult decisions ahead of us and will maintain our financial disciplines to ensure we provide the support this county and its communities need."
