Douglas Council rates will rise by 0.5% to 397 pence in the pound.
Leading Councillor David Christian presented the budget to a special meeting of the Council this morning.
After some debate, the increase was passed unanimously by 16 votes to nil.
Mr Christian says the budget is achieving savings while delivering more for less:-
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Meningitis B vaccination scheme to be rolled out on-Island
Programme is for eligible Year 13 students and under-25s
Balthane Roundabout plans on hold until 2027/28 as costs rise
Price tag has jumped up by £600,000 since scheme was first approved
Port St Mary lifeboat launched to rescue stricken fishing vessel
RNLI crew tows vessel back into harbour
Enquiries ongoing after 'shotgun-like sound' heard near Police Headquarters
Police say there's no indication of any wider risk to the public