The council could look to reduce waste and recycling service provision, and the frequency of bin collections from 1 October next year.
This could save the local authority £67,000 in 2027-28 and a further £133,000 in 2028-29.
Cuts to events in the city centre and no longer providing the City Square Christmas tree is another proposal, and could save £145,000 per year.
Funding for Christmas lights could also be cut by £110,000.
Council leader and SNP councillor Mark Flynn said: “The financial outlook for the council makes the decisions we take to set a budget for the year ahead increasingly difficult.
“However, we have a legal responsibility to set a balanced budget every year.
“While £186m of savings and efficiencies have been made by the council since 2008, we calculate that we may need to make further savings next year.”
Flynn said demand for services was increasing and the council’s costs were rising.
He added: “Despite these challenges, we will always look to protect the city’s most vulnerable residents and the council’s frontline services.”
Story by local democracy reporter Liam Rutherford.
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