The changes to policy follow a public consultation undertaken between October 2014 and February 2015.
Executive will consider plans to introduce a joint framework that would guide and support the delivery of travel assistance to children and adults.
The framework aims to promote independence, choice and control and would help deliver a more cost effective service.
Currently the Council spends in excess of £10.4m on travel assistance to 5% of the school population and £2.7m on adult transport.
Under its New Deal initiative the Council is reviewing how its services are delivered by working with communities to target much more limited resources.
The proposed changes would see a review of how the Council provides travel assistance to eligible children and young people. This is to ensure that assistance is provided in the most appropriate way so that vulnerable young people
are protected whilst supporting those who are able to achieve independence.
Included in the proposals is an expansion of the travel training unit. The unit helps young people learn how to get to school or college so they are able to achieve independence.
The proposals will also see new criteria introduced to determine which young people require an escort for travel and a reduction in the use of single occupancy taxis.
Coun Susan Hinchcliffe, Executive Member for Education, Skills and Culture, said: "I want us to make sure we can support those children and young adults who most need our help in spite of the Government cuts coming our way. It's
therefore a priority to review this policy to make sure it's fit for the future. I welcome the continued input of parents in working through these policy changes."
Michael Jameson, Strategic Director of Children’s Services, said: "We have a duty to give individuals greater control over their own lives, to promote healthy living and dignity and to take account of the fact that an individual’s
needs can change over time. The new framework would enable us to target the right assistance to children and young people who need it.”