Caerphilly County Borough Council has been criticised for having £178.925 million in useable reserves.
Councillor Colin Mann, leader of the council’s main opposition group, Plaid Cymru, raised concerns over the amount of money in reserves at a Policy and Resources Scrutiny Committee meeting on Tuesday, February 22.
Councils cannot borrow money for day-to-day spending, so hold usable reserves for unexpected events or emergencies.
