Newmarket Town Council has backed a proposal to change Newmarket College from a community school into a foundation school.
The move would give the Exning Road college more control over the way it is run, including becoming the employer of its staff, running its own student admission arrangements and taking over the ownership of its freehold land and buildings.
Town councillors agreed to support the plan, which has a proposed start date of February 1, 2014, at a meeting on Monday.
A letter from the interim head of school, Nick Froy, was sent to the town council as part of the consultation process, which began on November 25 and will run until December 20.
Mr Froy said: “The leadership of the college is undergoing considerable changes at present with the aim of improving standards and outcomes for its students.
“The governors believe that these additional powers and responsibilities will be a concrete step to strengthen further the leadership of the college and lead to an improvement in standards and outcomes for students.”
It said the possibility of turning the college into an academy - a school run by a governing body and independent from the local council, which can follow a different curriculum - was still being explored.
The governing body will meet in January to consider any responses to the consultation and decide whether to give the plan the green light.
If it gets the go-ahead, a statutory notice will be published before a four-week formal consultation.
Former principal Dr Bob Cadwalladr left the college in October, six months after it was placed in special measures. He was replaced by Mr Froy and executive principal Howard Lay, current principal at the Samuel Ward Academy.