2023/24 budget discussions
Councillors will discuss the provisional settlement in detail next week when they meet to discuss the indicative budget for the 2023/24.
Speaking ahead of next week’s meetings, Cllr Mike Priestley, Conwy’s Cabinet Member for Finance, said: “Since Welsh Government published their funding for local government on 14 December, 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% increase in funding from Welsh Government, disappointingly this is below the Wales average of 7.9%.
"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.”
Conwy’s final settlement is expected to be announced by Welsh Government in early March.
The Council will meet on 2 March to finalise and agree the budget and Council Tax for 2023/24.
Finance and Resources Overview and Scrutiny Committee
Read the full report and watch the meeting at: Conwy Local Democracy : Agenda for Finance and Resources Overview and Scrutiny Committee on Monday, 23 January 2023, 10.00 am
Watch the meeting at: Conwy Local Democracy : Agenda for Cabinet on Tuesday, 24 January 2023, 2.00 pm
Posted on 20/01/2023