Rates in Braddan are coming down.
The rate for the forthcoming financial year will be 227p in the pound, a 3 pence reduction from the 2008-09 figure.
The announcement of the new rate is accompanied by a statement from the local authority about its financial situation.
The commissioners say that, following widespread speculation, their finances have returned to a sound financial footing.
The news follows what has been a difficult period, with a substantial deficit incurred in 2007.
The commissioners say there has been a review of the authority's financial management systems and they are confident that many previous failings have now been addressed.
(Picture: The board of Braddan Commissioners toast their re-election, in April last year).
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