Recognition of Same-sex Unions in New Mexico - Economic Effects

Economic Effects

In 2006, a study by the Williams Institute at the UCLA School of Law concluded that allowing same-sex couples to marry would have a positive effect on New Mexico’s state budget. Allowing same-sex couples to marry would result in a net gain of approximately $1.5 million to $2 million each year for the State. This net impact will be the result of savings in expenditures on state means-tested public benefit programs and an increase in sales and lodging tax revenue from weddings and wedding-related tourism.

Read more about this topic:  Recognition Of Same-sex Unions In New Mexico

Famous quotes containing the words economic and/or effects:

    Our country has deliberately undertaken a great social and economic experiment, noble in motive and far- reaching in purpose.
    Herbert Hoover (1874–1964)

    The hippie is the scion of surplus value. The dropout can only claim sanctity in a society which offers something to be dropped out of—career, ambition, conspicuous consumption. The effects of hippie sanctimony can only be felt in the context of others who plunder his lifestyle for what they find good or profitable, a process known as rip-off by the hippie, who will not see how savagely he has pillaged intricate and demanding civilizations for his own parodic lifestyle.
    Germaine Greer (b. 1939)