An auction is being held to sell millions of pounds worth of council properties in Nottinghamshire, including several farms and a library.
Nottingham City Council, which is selling 16 properties including a former care home, hopes to raise £1.5m.
Nottinghamshire County Council is also selling properties valued at more than £2.5m including three smallholdings.
A city council spokesman said it was not a good time to sell property but the authority needed the money.
But the county council said it was a good time to sell agricultural land as it was at an all-time high.
The auction will be held at the Colwick racecourse on Thursday.
Graham Chapman, deputy leader of Nottingham City Council, said the buildings on sale were expensive to maintain and surplus to requirements.
"Some of them are houses that we bought 30 or 40 years ago… that require a great deal of money spending on them.
"It isn't the right time to sell. But we have been waiting for the right time to sell for about three years… we do need the money to reinvest in schools and libraries and the elderly.
"Our hand is being forced and we really have no option."
City councillor Glyn Jenkins of Leen Valley ward said it was unfortunate the former library at Beechdale was being sold as local residents wanted to use it as a community centre.
But Mr Chapman said the money from that sale would be reinvested in library services.
A county council spokesman said: "The value of agricultural land is currently at an all-time high, representing an excellent opportunity to maximise the return for the taxpayer."
Nottinghamshire County Council said it will reinvest the money from the sale into council services.