Gov. Deval Patrick chided lawmakers yesterday for their plan to replace the revenue of the soon-to-be-repealed tech tax with surplus funds, slamming it as an irresponsible "roll (of) the dice" amid the state's still-stretched budget.
"I feel that the responsible thing, knowing what all the pressures are on this budget, is to plug the hole. There are others who say let's just repeal the tech tax and roll the dice, and I don't think that's the responsible thing," Patrick told the Herald yesterday after making the rounds with tech industry startups at a Seaport District event.
"I've heard all kinds of ideas being floated … one of them is to use the surplus," Patrick said. "The Legislature has already spent half that surplus. So that surplus is not enough."
Despite previously saying he had "ideas" of how to account for the $161 million the software services tax was expected to generate, Patrick was coy on what he viewed as a replacement.
House Speaker Robert A. DeLeo and Senate President Therese Murray have both vowed to not propose another tax, and instead pointed to excess revenue. Tax revenues, they argued, are currently $140 million beyond projections.
"The ball is in the Legislature's court right now," Patrick said.
Tech sector entrepreneurs greeted Patrick with open arms at yesterday's event celebrating seven startups that "graduated" from education technology accelerator, LearnLaunchX.
They're poised to join the tech industry that was slow to react to the tax, but rode a groundswell of opposition to pressure lawmakers to reverse their stance.
"I definitely need to keep an eye on Beacon Hill," said Matt Rantz, co-founder of Countdown, an online curriculum planning tool. "The whole tech sector (does)."
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