Councils have seven days to respond to a new funding deal tabled by the Scottish Government.
Crunch talks were held between Deputy First Minister John Swinney and council leaders yesterday over the settlement.
Mr Swinney and Cosla, which represents most of Scotland’s councils, have been at loggerheads since the Government proposed a £500 million real terms cut to authorities’ day-to-day budgets.
Dundee City Council, which would see its allocation cut by 5.5%, is one of the worst affected and is having to make £23 million of savings for 2016/17. Fife Council says it has to find £38 million to slash from its budget.
Councillors have been given until February 2 to respond to the new deal after the deadline was pushed back from January 21.
The Scottish Government says councils are seeing a 2% reduction in their settlement adding that is partially offset by £250 million for health and social care integration.
Mr Swinney said if approved the deal will also hold the council tax freeze and maintain the pupil to teacher ratio in schools.
“The funding proposals I have set out for local government will protect our shared priorities and deliver practical financial support to increase the pace of reform and improve public services I would urge councils to take up this offer,” he added.