Unions protested outside the meeting in Birmingham on Monday amid fears of job cuts to come.
BBC News, West Midlands
Representatives from unions held a rally outside the meeting to show support for workers, amid fears of jobs cuts to come. But, it said, further decisions would be required as the detail was developed - with a subsequent report and revised emergency budget for the year to be presented at another extraordinary general meeting in late October.Council leader John Cotton said he welcomed news of an inquiry to understand how the financial crisis had occurred
However, responding to him, Conservative councillor Matt Bennett said the impact of the crisis would be devastating and described the vote as being only "a plan to have a plan".
Belgique Dernières Nouvelles, Belgique Actualités
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