Gay marriage will boost California’s economy. Thousands of same-sex couples are expected to visit
CBS News is reporting on a new study which examines the economic benefits of marriage equality in California.
The Williams Institute – at U.C.L.A. School of Law – projects that approximately 70,000 out-of-state couples will travel to California to marry there.
CBSNews.com says, “The study estimates that over the next three years, gay weddings will generate $64 million in additional tax revenue for the state, and another $9 million in marriage-license fees for counties.”
The news source goes on to explain, “Researchers studied the economic impact of gay marriage in Massachusetts – the only U.S. state that allows gays and lesbians to marry – to develop their projections for California. They also used data from states such as Vermont that allow civil unions or domestic partnerships for same-sex couples.”
Californians vote on November 4 to decide if the recent court ruling should be overturned.