Ramsey Town Commissioners have set the rate for the 2020-21 financial year at 411p, a 3 per cent rise over the 2019-20 financial year and broadly in line with the Isle of Man rate of inflation. The new rate will represent an increase of approximately 28p per week for a typical three-bedroom property within the town.
The new rate reflects the Commission’s commitment to continue to invest in Ramsey while maintaining a sustainable financial plan and meeting increased costs these include; Ramsey Town Commissioners contribution to the Northern Civic Amenity Site which will increase by £42,900 due to increased operating costs and a revision of the joint financing arrangement. In addition the increased gate fee charges at the Energy from Waste Plant will add a further £7,800 which account for 59 percent of the rate increase.
However the Commission will continue its program of improving its services, amenities and assets – including the purchase of a refuse vehicle, further enhancements to more energy-efficient lighting in the town which will save money over the coming years, along with the enhancement the popular water play feature within the Mooragh Park.
Ramsey Town Commissioners’ chairman Andy Cowie commented:
'The Commission is continuing its strategy to operate a sustainable budget that provides a planned approach to the updating and replacement of infrastructure and facilities whilst maintaining the high level of service we strive for.
‘As well as the Commission’s day-to-day business, such as waste management, operating our library and street lighting we will continue to support the improvements and events that make Ramsey the great town it is: including our seasonal events and fireworks display.
‘Before agreeing this year’s rate, the Commissioners undertook an extremely detailed scrutiny throughout the budget process to ensure that all expenses and projects being considered deliver the best value for the ratepayer and we are confident that this year’s budget will continue to improve our town whilst maintaining our prudent fiscal approach.