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Publication Date: March 2006
Publisher:
Author(s): M.V. Lee Badgett; Brad Sears; Steven K Homer; Patrice Curtis; Elizabeth Kukura
Research Area: Economics; Social conditions
Type: Report
Abstract:
This analysis by UCLA's Williams Institute on Sexual Orientation Law and Public Policy, estimates the impact of allowing same-sex couples to marry on New Mexico's state budget. Using the best data available, we estimate that allowing same-sex couples to marry will 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.