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In One Year, Same-Sex Marriage Added $259 Million To NYC’s Economy
July 31, 2012
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Since same-sex 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, according to Mayor Michael Bloomberg and City Council Speaker Christine Quinn.

Over the past year, more than 8,200 same-sex marriage licenses have been issued in NYC, according to CNN - that's more than ten percent of the 75,000 licenses issued in the city. And about 67 percent of the same-sex couples who got married in the city held wedding receptions at venues like restaurants, hotels or catering halls, contributing a lot of cash to the NYC economy. Mayor Bloomberg officiated at the city's first same-sex marriage ceremony last year.

A 2004 report from the U.S. Congressional Budget Office found that if same-sex marriage was legalized across the States, it could generate an estimated $1 billion per year for the Federal Budget. Same-sex unions have been legal across Canada since July 20, 2005, when the Civil Marriage Act was passed.

Here's video of Mayor Bloomberg announcing the positive impact of gay marriage on the NYC economy:

Related stories on Strombo.com:

David Frum: "I Was Wrong About Same-Sex Marriage."

John Irving On Opponents Of Gay Marriage

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