Councillors unanimously agreed to raise council tax by 1.99 per cent at a Town Hall meeting last night.
Council leader Barrie Grunewald described the rise as “the right balance to strike” in the face of further grant cuts from central Government.
The 2014-15 budget, which included further support for the council’s apprenticeship and graduate scheme, was supported by councillors from across the political divide.
The council tax increase was the biggest council could put in place without triggering a referendum.
By not proposing a council tax freeze, they forfeited the right to a government grant of around £650,000.
As part of the budget, £6m was set aside for the proposed development of Parkside, which council leader Barrie Grunewald claimed could create lots of jobs.
A further £1m was allocated to helping first-time buyers take their first steps onto the property ladder.