Ryde residents may see a five per cent rise in their council tax precept. The finance and community resources committee of Ryde Town Council recommended a £1,813,419 budget plan for 2026/27, ‘Budget Two’, to full council at its Tuesday night meeting (27th January 2026). The proposals include £13,500 in grants to the community, with £4,000 for Ryde Carnival and £2,000 for the Harp on Wight music event. Other plansOther plans for full council to consider include a £325,886 allocation for the Network Ryde youth service, £168,396 for Ryde Marina and £344,600 on administration. Committee members also voted to recommend a five per cent precept increase – which works out as £8.94 per year extra for Band D council taxpayers.