Home » Around the Nation, Bottom Highlights » Same-sex marriage’s first year earns NY $259 million

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 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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