,,,,The Impact on New Mexico's Budget of Allowing Same-Sex Couples to Marry

The Impact on New Mexico's Budget of Allowing Same-Sex Couples to Marry


 

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.