The Ramsey town rate for the 2017-2018 financial year has been held at 348p in the pound.
The rate was proposed by lead member for finance and general purposes Juan McGuinness, seconded by chairman Andy Cowie, and approved unanimously by the board.
Mr Cowie congratulated Mr McGuinness, members and officers for completing the estimates process in a pragmatic and realistic manner and setting a budget for the forthcoming year which avoided any increase in the rate.
He added: ’After a relatively short period in office the new of commissioners has worked well together, with the hard work and dedicated support of the officers, to establish a rate budget below inflation and without increase for the fourth consecutive year.
’Against a background of mounting financial pressures on local authorities coupled with economic uncertainty at home and abroad this is an outstanding achievement’.
A detailed rate statement will be presented at the Commissioners’ public meeting on Wednesday March 15 and a rates summary information sheet prepared and distributed with rates invoices in April. Both documents will be made available online at ramsey.gov.i