The Providence City Council has created a nine-member special commission for taxation and revenue. The commission is charged with reviewing the state tax enabling law, the city’s revenue streams from all sources, the taxing and levying structure. They will study and analyze the overall revaluation process, commercial and residential tax rates, and exemptions. They will also consider alternative revenue streams that diversify city revenue to reduce the burden on property owners. A report with recommendations to the City Council will be issued by the commission within 120 days with the intent of finishing its work by December 31, 2023.