Monday, June 9, 2008

Gay Weddings.. Good for the Economy?


Gay weddings are a huge boon to the economy in California... just think weddings by same-sex couples will have a positive impact on the state budget of approximately $64 million over the next three years. Sales and occupancy tax revenues from wedding related expenses by both in-state and out-of-state couples will total over $55.1 million. In addition, same-sex weddings will generate $8.8 million in marriage license fees for California counties. Imagine if that were applied to every state's budget. The Williams Institute at the UCLA School of Law just released the results of a new study [download PDF] that shows legalizing gay marriage was the best thing California could have done for its own economy.
[photo from Michael Bryette Galleries]

No comments: