Braddan Commissioners are bucking the trend of economic doom and gloom – with the board announcing a rates cut this year.
The local authority says it has set its rate at 225p in the pound, a reduction of 2p.
Chairman Margaret Hodge says the reduction comes despite major increases in the cost of waste disposal.
But she adds the board is still fighting a legal case with jailed election fraudster and former clerk Charles Lewin – which she says involves considerable on-going legal costs.
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The closure will be in place from 6am on Monday until 6pm on 30 September
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Two sailings cancelled, more in doubt
A final decision for this afternoon's crossings will be made by 1pm