Governor Patrick, get your hand out of my pocket!

Governor Deval Patrick said yesterday that he will sign more than $1 billion in tax increases, ending a months-long standoff with the Legislature and ensuring Massachusetts residents will pay more for everything, from satellite dishes to cheeseburgers.

Patrick’s announcement, coming after the House and Senate overwhelmingly approved the tax increases last week, means that the state sales tax will rise for the first time in a generation, and at a time when many residents are losing homes and jobs.

The new sales tax rate, which will increase from 5 percent to 6.25 percent, will go into effect Aug. 1.

“I will approve the new revenues we need to bring our budget into balance, offset the need for even more difficult cuts, and expand opportunity throughout the Commonwealth,’’ Patrick said in a statement. “Due to the economic challenges that all states are facing, this new revenue is necessary to prevent us from losing ground on our long-term goals in education and healthcare, and further straining safety net services that are struggling to meet the increased demand.’’

About $275 million in projected new sales tax revenue will be directed to the state’s transportation network, preventing planned toll increases on the Massachusetts Turnpike, at least for now. The sales tax revenue will also help shore up finances at the Massachusetts Bay Transportation Authority, although it might not be enough to head off a fare increase.

The statewide meals tax will also increase, from 5 percent to 6.25 percent, and municipalities will have the option to raise it up to 7 percent and keep the extra revenue for themselves. In addition, taxes will go up on satellite television users, and a sales-tax exemption on alcohol sold in retail stores will be eliminated. Municipalities will also be allowed to raise the local hotel tax by 2 percentage points.

“It’s going to hurt small businesses, and it’s going to hurt consumers,’’ said Jon B. Hurst, president of the Retailers Association of Massachusetts.

UPDATE: More from WBUR, the AP, Jon Keller, Holly Robichaud, JoAnn Fitzpatrick, Metrowest Daily News, the Herald and Globe.

SECOND UPDATE: From the Herald and the Boston Globe.

THIRD UPDATE: From Jennifer Nassour, Redhead Republican, Red Mass Group, the Boston Herald, Mary Connaughton and State House News Service.