The rate in Castletown will increase by 21p in the pound bringing it up to 341p in the pound.

The rate has been the same in town for seven years, but more revenue is needed to continue improvements said commissioners’ chairman Colin Leather.

’It is time to accept that if this town is to continue to improve itself, then rate rises are necessary and will likely be necessary in future years.

’I expect that this board will have to make many difficult decisions over the forthcoming year, both financial and with regard to the use of amenity areas within the town, however I wish to send a message to all that Castletown is open for business,’ he said.

’With Manx CPI [inflation]standing at 4.1% in December 2017 and increased charges being passed on from central government and partner agencies, my board has agreed to a general rate rise of 5%, equating to 16p in the pound, and an additional 5p in the pound specifically to finance the proposed acquisition of the old fire station from the Department of Home Affairs.’

He added: ’My board is in agreement that the current rating system is unsustainable in the long term and continue to lobby central government with regard to a more equitable rating system for the island.

’Castletown Town Commissioners do however recognise the contribution that members of the public from our neighbouring parishes make to the success of the town and are delighted to announce that provision has been made to make membership of Castletown library and its associated community events and workshops free of charge to all island residents.

’We are delighted that the Isle of Man Constabulary are now based in the Town Hall and we continue to work with other agencies to bring services to the town.

’Provision has been made to continue with environmental improvements in the town ... consideration will be given to bringing forward long overdue investment in the children’s play parks around the town in future years.’