NEW licensing laws could see the end of Stockbridge Carnival that has paraded through the Hampshire town for the Past 20 years.
Organisers say new laws, that will come into effect in November could see their event hit with licence fees costing hundreds or possibly thousands of pounds making the whole event unviable.
At present organisers do not have to pay any money to the council to stage the event.
The laws are part of the controversial Licensing Act which also makes provision for 24-hour serving of alcohol.
Honour Burnett, of the carnival committee, warned that if the fees are too expensive this year's annual festival of fun, floats and music could be the last.
"The carnival has been running for such a long time there's hundreds of people who look forward to it every year," she said. "It's the time of year when families get together and visit to take part in the carnival and have fun."
The carnival also raises thousands of pounds every year for local charities such as Naomi House children's hospice, the Magpie Cancer Centre Campaign at Winchester and Stockbridge Football Club.
"If the carnival goes a big chunk of Stockbridge will be missing," Honour said.
A spokesman for Test Valley Borough Council said it wasn't clear what the licence fees would be when the new laws come in and no figures have been disclosed.
"If anybody is thinking of organising an event they should contact us and talk about what they want to do," the spokesman said.
Fees will start at about £100, but for large events with thousands of people they could spiral into thousands.
Now organisers are making a big effort to ensure this year's carnival on July 9 is the biggest and best ever.
A coffee morning to raise money for the carnival fund will be held in Stockbridge Town Hall on April 17 from 11am.
Organisers are also looking for businesses and individuals to sponsor the carnival.
Anyone who can help should contact David Watts on 01264 810421.
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