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Same-sex marriage’s first year earns NY $259 million

Michael Bloomberg

NEW YORK (CNN) – Gay marriage is generating millions of dollars for New York City’s economy.

Since gay marriage was legalized in New York state a year ago, marriage license fees, local celebrations and wedding-related purchases have boosted New York City’s economy by $259 million.

“Marriage equality has made our city more open, inclusive and free – and it has also helped to create jobs and support our economy,” Mayor Michael Bloomberg said in a statement.

More than 8,200 same-sex marriage licenses have been issued over the past year, representing more than 10 percent of the 75,000 licenses issued in the city, according to a survey conducted by the City Clerk’s Office and NYC & Company.

The city collected $16 million in tax revenue from same-sex marriages over the past year. But weddings brought the biggest economic boost to the city, with about 67 percent of same-sex couples holding wedding receptions at venues throughout New York City’s five boroughs.

Short URL: http://lgbtweekly.com/?p=27175

Posted by LGBT Weekly on Aug 2, 2012. Filed under Around the Nation, Bottom Highlights. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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