The government wants to create new directly elected mayors across all regions of England.
The government plans to devolve powers and money to these mayors, so they can coordinate housing, transport and economic growth across their region.
The mayor would lead an administration known as a Strategic Authority.
A number of areas, including London, the West Midlands and Greater Manchester already have mayors, but most regions of England do not.
What does this mean for Oxford?
Oxford is likely to be within a Mayoral Strategic Authority covering Oxfordshire and the wider region.
The new Mayor would be given powers and money by the government to coordinate housing, transport and economic growth across the region.
Next steps
Representatives from councils in Berkshire, Oxfordshire and Swindon are meeting to discuss the optimum size, scope and membership of the Mayoral Strategic Authority.