Deputy Prime Minister Nick Clegg has said the package will include free pre-school education for two-year-olds from disadvantaged households, a "pupil premium" providing extra cash while they are at school and a "student premium" to help them into university.
But Coun Ralph Berry, Bradford Council's executive member for children and young people's services, said he feared his district would lose more money than it gains as a result of cuts.
The Labour councillor said: "We are worried about out youth services, SureStart and family support services. If these things are cut it might mean we need to have much more expensive interventions later down the line. These cuts are going to hurt the most vulnerable children."