This website uses cookies to ensure you have the best experience. Learn more

Vt Econ Impact Final Essay

2236 words - 9 pages

Untitled

Christopher Ramos Research Assistant M.V. Lee Badgett Research Director, Professor of Economics, University of Massachusetts-Amherst Brad Sears Executive Director 1 MARCH 2009

The Economic Impact of Extending Marriage to Same-Sex Couples in Vermont EXECUTIVE SUMMARY

Extending marriage to same-sex couples will boost Vermont‟s economy by over $30.6 million over three years, which would generate increases in state and local government tax and fee revenues by $3.3 million and create approximately 700 new jobs. This analysis estimates the impact on business revenue and state and local government revenues if Vermont were to extend marriage to same-sex couples. We take into account the new legal landscape of same-sex marriage, which includes Massachusetts and Connecticut as two same-sex marriage destinations, along with the brief period in which California opened marriage to same-sex couples (June to November of 2008). Using the best data available, we estimate that allowing same-sex couples to marry will result in roughly $3.3 million in revenue over the next three years. We base our conclusion on the following estimates:

 Judging from the experience of other states that have extended marriage and civil unions to same-sex couples, such as Massachusetts and Vermont itself, approximately 997 resident couples will marry in the next three years.

 In addition, approximately 8,212 same-sex couples from other states will come to Vermont to marry. These couples will primarily come from New York, where they are likely to have their marriages recognized, and from states in the immediate Northeast region.

The weddings of same-sex couples will generate new economic activity for the state‟s businesses: 2

 Spending by resident same-sex couples on their weddings and by out-of-state couples on tourism and their weddings will boost Vermont‟s economy by $30.6 million in direct spending over the next three years.

 Over the next three years, the direct spending by resident and out-of-state same-sex couples will create approximately 700 new jobs in Vermont.

Direct spending from same-sex couples on weddings and tourism will generate almost $3.3 million in new revenues for state and local governments.

 Spending on weddings by couples living in Vermont, and tourism and weddings by couples from outside of Vermont, will generate $2.9 million in state sales tax revenues and meals and rooms tax revenues. This estimate is conservative in that it does not include increased revenues from many other taxes that are harder to estimate, such as Vermont‟s fuel gross receipts tax, telecommunications tax, alcoholic beverages tax, local option taxes, or taxes on indirect spending or earnings.

 In addition, the weddings from in-state and out-of-state couples will generate approximately $414,400 in marriage license fees for Vermont.

Our analysis relies on the same methods that we used in previous studies of the economic and...

Find Another Essay On VT econ impact final

The Risk Management Process Essay

1973 words - 8 pages option to aid the project team to brainstorm ideas anonymously, and participants are unknown to each other. Electronic communication, are used to communicate with the group with a facilitator, and questions are presented electronically to each participant who then generates ideas and sends them electronically to the facilitator. The responses accumulated into one list by the facilitator who redistributes it for team comments until a final agreement

Music Therapy with SED Children Essay

1605 words - 6 pages all the scales on the CBCL-YSR that is completed in the first session. The means will be broken up by the participants respective groups (control or experimental). The same procedure will be completed for the CBCL-YSR that is completed in the final session. The means from the CBCL-YSR will be expressed on a table that will be separated by the groups (control and experimental). The table will include the results from the first session and the final

Efecto del Combustible en la industria aerea

4301 words - 17 pages otros. La intención de los autores de este trabajo de investigación es el poder plasmar de manera asertiva la relación directa que existe entre el alza en el precio del crudo y el impacto en la economía aérea. El alza del petróleo donde primero repercutió fue en Europa, luego como un efectote de domino se extendió a Asia y los Estados Unidos. Como resultado final es que en la actualidad es m

Postal Service As a Monopoly

1174 words - 5 pages receipts from consumerpurchases that were submitted the next day after the transaction (#1,i). If the receipts were submitted earlier the postal service wouldreceive more money because they could invest that money sooner (#1, i).Another way the Postal Service could increased profits was bycompetitively selecting banks that would give them higher interest ratesand such (#1, ii). Probably the most relevant and final way to improvethe budget of the

Hiv impact

5727 words - 23 pages every 10 per cent HIV preva- lence. Others take the view that HIV/AIDS has had little impact on the macroeconomy so far. It is difficult to estimate empirically the effect of HIV/AIDS on economic performance since so many factors other than HIV/AIDS affect eco- nomic growth. The countries most seriously af- fected by the epidemic are also faced with drought, war and other problems. The HIV/AIDS epidemic can affect the econ- omy in a number of

XenDesktop

3777 words - 15 pages millones de dispositivos de usuario final. En fin, tiene más de 150 nuevas características y mejoras, es la release más grande de XenDesktop en la historia de Citrix. En el informe desarrollado a continuación, nos centraremos en las versiones de XenDesktop 5 y 5.5. Virtualización: XenDesktop Trabajo de Sistemas Operativos 4 2. Requerimientos Tenemos algunos requisitos relacionados a la instalación de los

Aviation: Fatigue, Stress, and Task Saturation

2201 words - 9 pages not injured.2 The airplane was destroyed by impact forces and a postcrash fire. Flight 1420 was operating under the provisions of 14 Code of Federal Regulations (CFR) Part 121 on an instrument flight rules (IFR) flight plan.The National Transportation Safety Board determines the probable cause(s) of this accident as follows:The flight crew's failure to discontinue the approach when severe thunderstorms and their associated hazards to flight

Hydrothermal Metalliferous Sediments

1454 words - 6 pages , Zn and Zr (Table 1). Dekov et al. (2010) explains that the residence time of the hydrothermal precipitates in the hydrothermal plume has a large impact on the final rare earth element (REE) distribution pattern. 4. Conclusions Hundreds of studies have been conducted on the origin, composition and distributions of metalliferous sediments. After years of new experiments and discoveries, it has become apparent that metalliferous sediments are

Research Proposal: Sustainable Tourism in Andalusia

2494 words - 10 pages viability.This research will aim to investigate the various types of tourism (such as seaside tourism, rural tourism, business tourism, adventure tourism, eco-tourism, and agro tourism.) and aim to examine the diverse impact these various types of tourism have on the environment and economy in Andalusia. The south of Spain will be investigated as a case study. The industry of sustainable tourism will also be examined in order to see to what

Privatization

3873 words - 15 pages accepting data in an organization. The criteria for the standard should be at least two sources that support the information. Another criteria is that at least one source exists for the information, however, further investigation is needed for the matter. The final criteria is the information has no reputable sources and is thereby defined as a rumor. Several principles can be formulated for investigating the decision making process. These

Microeconomic Policy: A Learning Diary

7823 words - 31 pages Microeconomic Policy: A Learning DiaryToday is the 1st of September 2004, which marks the beginning of my Learning Diary for ECON 2030. I should have started a few weeks back, however it is not always easy for me to do so. Important facts in regard to the subject so far include: -· I have been attending lectures and tutorials and to be honest I haven't gained much understanding or knowledge. The topics of consumer and producer surplus are

Similar Essays

The Benefits Of Concealed Carry In The United States

3298 words - 13 pages most seemingly secure areas, a school, can become deadly. Among the areas that prohibit concealed-carry are schools, federal buildings, and private businesses that hang signs indicating so. After the tragic VT event an ex-marine student on the Texas State University campus took the initiative and joined a student group to support concealed-carry on campus, the Students for Concealed Carry on Campus (SCCC) which was created the day after the

Cost Containment And Productivity: Staffing And Scheduling, Pay For Performance, And

1924 words - 8 pages although not specific. The ANA has left it up to each state to establish a specific number to the RN to Patient ratio with consideration of patient safety. Due to this unspecific plan a Federal regulation was established. Currently only twelve states have adopted this regulation including: CA, CT, IL, MN, NV, NJ, NY, OH, RI, TX, VT and WA. These stats follow 42 Code of Federal Regulation (42CFR 482.23(b) which requires hospitals to “have

Aviation Accident Investigation Difficulties Assignment

2239 words - 9 pages ). Hoofddorp : GDS Cross Media Group, 2013. Report, IIC Invistigators Final. 2012. Final Report. Republic of Lebanon Ministry of Public Works & Transport. [Online] January 17, 2012. [Cited: April 15, 2016.] http://www.al-akhbar.com/sites/default/files/Final%20Investigation%20Report%20ET%20409_part1_0.pdf. THE COURT AIR MARSHAL BN GOKHALE, PVSM, AVSM, VM (Retd). 2010. GOVERNMENT OF INDIA. MINISTRY OF CIVIL AVIATION. [Online] OCTOBER 31, 2010. [Cited: April 25, 2016.] http://dgca.nic.in/accident/reports/VT-AXV.pdf. 12 | Page

Crisis Argentina, Convertibilidad: La Experiencia Argentina

9609 words - 38 pages ;tica es que los mercados de capitales deben abrirse solamente después que la economía se encuentre estabilizada, abierta al comercio internacional y con un sistema financiero robusto. Esto es, al final de la aplicación de una secuencia de políticas y solamente después que las primeras reformas muestren plenamente sus efectos esperados.2.3. El Ciclo Económico de ArgentinaEl ciclo económico que vivi