California Would Gain $30M Annually By Legalizing Gay Marriage

[davidinalameda]

http://www.365gay.com/newscon05/05/051705calCost.htm

Same-sex marriage would have a significant positive impact on California ’s state budget - a potential gain of up to $30 million each year - according to a new study.

It was released on the eve of a vote by the California State Assembly Appropriations Committee on the fiscal impact of AB 19, a bill that extends marriage to same-sex couples in California.

The study was prepared by the Williams Project , a think tank at UCLA School of Law, and the Institute for Gay and Lesbian Strategic Studies (IGLSS) at the University of Massachusetts-Amherst.


that's about a buck per person!

[proud2BlibKansan]

1. So where would the revenue come from?

I am at school and our system won't let me access the link posted.

[RaleighNCDUer]

2. Here ya go.

<snip>

Savings in means-tested public benefits programs and increases in sales tax revenues from tourism and same-sex wedding ceremonies account for the windfall for the California budget. These gains would be partially offset by a decrease in income tax revenues, resulting in a net impact of up to $30 million each year for the State.

<snip>

The study also predicts that California would benefit from a boom in tourism if it extends marriage to gay and lesbian couples.

When San Francisco allowed couples to marry for one month last year, they flew in from 46 states and 8 countries.

The study concludes that if same-sex marriage were permanently offered, each year California would benefit from over $100 million in increased business revenues, generating over $7 million in sales tax revenues for the State. By comparison, Forbes magazine has estimated that if same-sex marriage were legalized across the U.S. , gay weddings would generate $16.8 billion in spending during the first several years.

[davidinalameda]

3. thanks

[proud2BlibKansan]

4. Thank you

for the info.

[Maat]

5. Sounds great!

I'll send a letter of support to Mark Leno.

I cannot send it to either my state senator or my state assemblyman, since they are part of the hardright relgious-wrongies.