In the first three years of extending marriage to same-sex couples, the study estimates that:“Other states have already experienced a significant boost as a result of extending marriage to their own same-sex couples,” says researcher M.V. Lee Badgett in the release. “Colorado could receive even greater benefits if couples from other states travel there to marry.”
• The state’s wedding business would see an increase by $40 million, and an increase of roughly $10 million in tourism expenditures made by out-of-town guests over the same period.
• Total state and local tax revenue would rise by $3.7 million, including an estimated $2.3 million in local sales taxes. The first year would produce $2 million of this spending.
• The boost in wedding spending will generate approximately 436 jobs in the state.