Report: Legal Gay Marriage Could Boost Va. Economy
A report by a think tank at UCLA says legalizing gay marriage in Virginia could generate up to $60 million in spending in three years.
The Williams Institute at the UCLA School of Law estimates that about 7,000 same-sex couples may choose to get married in Virginia within three years of a change in law. In February, a federal judge in Norfolk struck down the state’s ban on same-sex marriages. The decision has been stayed pending an appeal, and a three-judge panel of the 4th U.S. Circuit Court of Appeals will hear arguments in Richmond on May 13.
The report says the increased spending on wedding arrangements and by tourists would likely generate up to $3.2 million in state and local tax revenue.