New & Noteworthy:

Follow breaking news @lgbtqnation
Texas

Report: Marriage equality would add $181 million, new jobs to Texas economy

Wednesday, July 23, 2014
0

Extending marriage to same-sex couples in Texas would generate an estimated $181.6 million in spending to the state’s economy and generate over 1,500 new jobs over three years, according to a new study.

TexasResearchers at the Williams Institute, an independent think tank at UCLA’s School of Law, estimates that — based on 2010 U.S. Census data — 46,401 same-sex couples live in Texas. Of those couples, the Institute estimates that 50 percent (23,209 couples) would choose to marry in the first three years, a pattern that has been observed in Massachusetts and elsewhere.

Over 14,848 marriages would occur in the first year alone, and bring up to $116 million in revenue to the state of Texas that year.

“This study confirms that all Texans benefit from marriage for same-sex couples, not just the LGBT community,” said study author, M.V. Lee Badgett;

Other key findings from the report issued Wednesday include:

  • The total spending on wedding arrangements and tourism by resident same-sex couples and their guests would add an estimated $181.6 million to the state and local economy of Texas over the course of three years, with a $116 million boost in the first year alone.
  • The economic boost would add $14.8 million in sales tax revenue to state and local coffers.
  • Spending related to same-sex couples’ wedding ceremonies and celebrations could generate up to 1,570 full- and part-time jobs in the state.

A federal judge declared Texas’ same-sex marriage ban unconstitutional on February 26, issuing a preliminary injunction. The state said it would appeal the ruling to the 5th U.S. Circuit Court in New Orleans, but has not yet done so.

Share this article with your friends and followers:
Comments