To: 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.
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.