Patrick Signs Computer Tax Repeal
Governor Patrick visited Springfield's Zanetti Montessori Magnet school celebrating their academic improvements. When the event was over Patrick turned to discussing the repeal of the computer tax he had signed earlier in the day. When asked how he planned to plug the resulting estimated 160 million dollar hole in the budget the governor said he's already made numerous suggestions and now it's up to the legislature."We've met with them together with the industry, leaders in the industry made a whole lot of suggestions and the leadership kept taking things off the table.
I think it's on them now to come up with a way to plug the hole. Now the good news is that revenues are performing well so far this fiscal year, but it's early."
Still lawmakers hope that growth in tax revenues beyond budget expectations so far will go a long way towards making up for lost revenue. The initial measure would have placed a tax on certain segments of the computer service industry. But eventually Patrick and democratic legislative leaders were persuaded, after the tax was signed into law, that they should repeal it. Patrick said it represented a "serious blot" in a state known for hosting a significant technology sector.