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Ilfracombe will have more influence over its own future - but local residents will have to pay more to make it happen.
Ilfracombe Town Council have created a Strategy Group, with a lost of objectives including improving public transport, and making the tourist trade more up-market.
Mayor Philip Webb said: "Up until now, many of the initiative have either come from district council or county council and many of those have failed to get off the ground."
To hear more from Mayor Webb, click here.
It is hoped the Town Council will be able to give some funding to projects in the area, which will attract further funding from other sources.
But in order to do this, Council Tax is going to go up by around £10 a year for a Band D property.