I see from the the Sydney Morning Herald that the Sydney Government has launched another attempt to grab control of local money.
The funds in this case are levies raised by local councils on developers to help fund supporting infrastructure and services.
The government argues that these levies have become a break on development. I can understand the argument here. However, the Sydney Government also wants the NSW Treasury to take over control of the funds. In this event, it becomes just another $500 million to fund Sydney Government needs independent of local requirements.