Revoke $46.5 M in Tax Giveaways for Construction of Liberty Mutual Office Tower

US_dollar_pyramid.pngTo: Mayor Thomas M. Menino, Boston City Councilors, Governor Deval Patrick and Legislators

Whereas: Mayor Menino and the Boston City Council have granted Liberty Mutual $24 million in property tax breaks and Governor Patrick has given Liberty Mutual $22.5 million in state subsidies to build a new office tower in Boston near its existing office in Boston.

Whereas: These subsidies are being granted to a corporation so wealthy that it testified to City Council that it could build the $300 million tower with cash on hand, and is on the Forbes 100 list, earning over a billion dollars a year in profit. 

Whereas: This subsidy money is being taken from essential city and state services including schools, libraries, parks, transit, youth jobs and community centers, even as their funding is being slashed. 

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We ask that the city and state revoke the $24 million in property tax breaks and $22.5 million in state subsidies granted to Liberty Mutual for the construction of a new office tower. Redirecting these funds to city and state services would make a real difference in people’s lives. 

223 signatures

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