State's councils rich and getting richer as merger deadline looms

By Sam Buckingham-Jones, James Robertson
Updated June 30 2015 - 6:18pm, first published 6:05pm
Local Government Minister Paul Toole has warned councils against squirrelling away large cash reserves. Photo: Peter Rae
Local Government Minister Paul Toole has warned councils against squirrelling away large cash reserves. Photo: Peter Rae

Far from crying poor, NSW councils are rich and getting richer: analysis shows that the amount of money they hold has grown by $1 billion over the past two years.