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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Former Red Arrows pilot recalls engine cut-out
Andy Wyatt was taking part in a display for the TT
Auditor General criticises lack of progress
Current frameworks lacking requirements of international standards
TT footbridge removal to close busy junction
St Ninnian's crossing to be taken down this weekend
Ed Space to create two full-time positions with £50,000 grant
The charity is supported by 70 volunteers and has 150 attendances at weekly sessions each month