Study warns that anti-trans bill will bring Texas a huge money loss

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A study has revealed that San Antonio, Texas, could loose out on $234 million only on sport events if the anti-trans bathroom bill is accepted into law. The research warns about the loss from the 2018 Final Four matches which predicts that a total of $135 million would come to the city in direct spending by organisers, with the rest of the total being made up by tens of thousands of visitors to businesses.

The Sabér Research Institute carried out the study which projected a state tax revenue of $9.5 million and municipal tax revenue of $4.4 million being accumulated from the event. Senate Bill 6, a replica of HB2, was proposed at the beginning of the year. The bill, which is being fronted by Republican Lieutenant Governor Dan Patrick, stipulates that transgender people must use bathrooms in government buildings, public schools and universities that correspond to the sex given at birth, rather than their current gender identity. The predicted loss was obtained by The New York Times who verified it with a spokeswoman for the local organising committee. Texas’ version of the bill does contain a loophole which allows venues “privately leased to an outside entity” an exemption.

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