'The fact that the money is baselined is a real recognition of under-funding within local government and that sustainable resourcing is required.'
Paying tribute to local government minister Tom McCabe, Mr Watters said:
'This is the first time in history that a finance minister has re-visited a spending review to add resources because of concerns about levels of funding raised by us. This is something that should not be underplayed.'
But the Green Party says a shortfall in children's services funding remains despite Mr McCabe's statement of 'significant investment'.
They pointed to local government finance expert Professor Midwinter's earlier figure of a£161m difference between the real costs of providing statutory children services and the government grant.
'Since the£157m announced today is for all core services, Greens are concerned that children services will still be short,' said local government and finance spokesman Mark Ballard.
'The extra£157m is clearly to tackle the underfunding of core services. Councils are still under pressure from tight settlements, and it appears that the significant gap identified by Midwinter may not have been fully addressed.'