COUNCILLORS in Conwy will discuss the provisional settlement in detail next week when they meet to discuss the indicative budget for 2023-24.
Conwy?s final settlement is expected to be confirmed by Welsh Government in early March.
The council will meet on March 2 to finalise and agree the budget and council tax for 2023-24.
Cllr Mike Priestley, Conwy County Borough Council?s cabinet member for finance, said: ?Since Welsh Government published their funding for local government on December 14, our Finance Team have been working on the provisional figures to produce a detailed report for councillors to discuss.
?As it currently stands, Conwy will receive a 7.3 per cent increase in funding from Welsh Government. Disappointingly, this is below the Wales average of 7.9 per cent.
"And whilst any increase is very welcome, it?s not sufficient to meet the funding shortfalls that the council faces as a result of national pay awards, price inflation, energy and fuel increases, and service pressures - we?re currently looking at a resource shortfall of over ?21.5million.
?There is still some way to go and more difficult decisions to be made in order for a balanced budget to be presented to council in March.
?But I?d like to thank all the officers and councillors that have contributed to this work so far.? ref pioneer