It follows an inspection by the HM Inspectorate of Constabulary.
The report says the police have successfully reduced their spending and are planning well for the financial challenges to come.
The inspectors were also impressed with their plans for a strategic alliance with the neighbouring Dorset force.
Storm overflow prevention work set for Plymouth
But it will take five years
Help needed to find Exminster pensioner
Concerns for Charles Fulton, 74
City lose at home again
Kyle Wooton brace gives Stockport win over sorry Exeter
Calls for inclusion on Plymouth lord mayor role
It traditionally alternates between Conservative and Labour
Upgrades to Plymouth storm overflows to take place
Hoe bathing waters are priority to stop sewage discharges
Dartmoor finances facing biggest cut for years
'Do DEFRA think the Dartmoor pixie exists?'
