Special Committee on Ways & Means-Thursday, June 11, 2026-6:00 o'clock P.M.

The meeting begins with a check on the audio equipment and initial setup. Participants prepare for the legislative session before the first formal agenda item is introduced.

The council discusses an ordinance regarding the 8% tax treatment for low-income housing to align municipal rules with state law. The conversation covers eligibility thresholds, preservation of existing properties, and the exclusion of commercial spaces from this specific tax treatment.

This item introduces the Providence Build Act, a tax stabilization ordinance designed to support the construction of affordable housing by providing a two-year tax equalization period. The council reviews amendments made in collaboration with the administration to streamline the application process and ensure project completion.

The council considers a resolution urging the General Assembly to pass specific house and senate bills related to property taxation. The meeting concludes with a motion to approve the item and a discussion on the timing of legislative passage.