Estimating the Economic Boost of Marriage Equality in Rhode Island
- Author(s): Kastanis, Angeliki;
- Badgett, Lee
- et al.
Extending marriage rights to same-sex couples in Rhode Island would bring an estimated $7 million to the state and local economy, including $5.5 million in additional wedding spending and $1.5 million in tourism expenditures made by out-of-town guests. Based on Rhode Island’s rates of 7 percent sales tax and 6 percent hotel and lodging tax, $530,000 in tax revenue will be generated for the state in the first three years same-sex couples may marry. The boost in travel spending will generate approximately 26 jobs in the state.