The Board of Onchan District Commissioners have resolved that under Section 11 of the Local Government Act 2006 the District Rate for 2023/24 will be 373 pence in the pound, equating to a 7.8% increase.
Lead Member for Finance and General Purposes, Zara Lewin commented on behalf of the Board of Commissioners:
"Whilst the Board recognise that this year has been difficult for most due to the increase in living costs, the impact of these increases in relation to the Authority's running costs have been no exception.
Rising inflation, increases to waste disposal, staff salaries, and utility costs have meant that to avoid cuts to services the Board cannot fully protect rate payers from a rise. Additionally, there has been a large investment in relation to our contribution towards the purchase and construction of the new Eastern Civic Amenity Site, and exceptional increases in loan charges.
Following a review of our income and expenditure the Board made the decision this year to use some of our Reserves to try to limit the impact to the rate payer. This rise will allow Onchan District Commissioners to continue to invest in improving our services for the benefit of everyone in Onchan."