A highlight of the speech was Menino’s proposal to create a $40 million fund to keep development going in the city. I sensed a palpable feeling of excitement in the room over this plan.
The mayor drew laughter when he likened the ceos of the Big Three auto makers trip to Washington to the film “Planes, Trains and Automobiles.”
With Boston in need of revenue, he called for “equitable PILOT agreements.” These are arrangements whereby non-for-profit entities give a payment to the city in lieu of being taxed.
The best thing about today’s speech was that Mayor Menino confronted the tough fiscal times. He did not attempt to sugar coat what is happening. That is called leadership.
I write, as always, as a former press secretary to the mayor.