Central Coast councillors are being offered financial literacy training as the council scrambles to avoid being suspended by the government.

Ben Fordham was tipped off by a listener earlier this month that the council was in serious financial strife, eventually finding themselves unable to pay their employees’ wages.

The council is reportedly about $300 million in debt.

Central Coast Independent Councillor Greg Best told Ben Fordham the council “spends like a drunken sailor”.

“The trainwreck goes on.

“That is like putting the crew through iceberg avoidance training after the Titanic’s going down.”

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Image: Getty