Dublin City Councillors are meeting on Monday to try and agree a budget for 2020.
Ahead of the meeting at City Hall, its chief executive Owen Keegan says this will be a difficult budget.
To achieve a balanced budget, Mr Keegan is proposing increases in business rates, residential tenants' rents, toll charges and parking charges - together with cuts to community funding.
He says: "Despite a relatively benign economic environment, the city council faces difficult challenges in preparing a balanced budget for 2020.
"Significant additional income must be raised if services are to be maintained.
"The draft budget points to a local government funding system that does not provide the required financial resources to sustain Dublin City Council services."
The Government has informed Dublin City Council that it will take Irish Water-related rates income of €8.4m from its budget in 2020 and every subsequent year.
This is despite Government, it says, committing that the transition to Irish Water would be revenue neutral.
Dublin City homeowners pay €80m a year in Local Property Tax (LPT) - but the council says it typically receives only €4m.
It says €16m is distributed to other counties and the remaining €60m is used to fund central government programmes.
"Dublin homeowners are in effect subsidising national Government spending", a voting block on the city council says.
Dublin City Council and the Government have agreed targets to refurbish vacant housing units and re-let them.
Dublin Agreement City Councillors say there is a "significant cost" associated with achieving current high standards, but that the Government only contributes 45% of the cost that Dublin City Council incurs to upgrade and refurbish these units.
It is calling on the Taoiseach and Ministers for Finance and Housing to reverse the decision to take €8.4m in Irish Water related rates - and to fully fund the vacant residential refurbishment.