Cost of North Carolina Bathroom Bill
- Author: Carolyn Briggs Mar 28, 2017,
Mar 28, 2017, 4:00
The "We Are Not This" slogan is posted at the entrances to Bull McCabe's Irish Pub in May 2016 in Durham, North Carolina.
North Carolina's contentious "bathroom bill" law will cost the state $3.76B over the next 12 years, the Associated Press reports. One review puts the amount in the billions of dollars in the years to come.
That estimate is probably low, the wire service says.
The AP's tally updates previous analyses of HB2's financial impact. The law excludes gender identity and sexual orientation from statewide antidiscrimination protections, and requires transgender people to use restrooms at many public buildings based on their gender at birth. In December, the state and the city of Charlotte struck a deal to repeal the law, but it fell apart amid accusations of bad faith, and the law remains in place.
North Carolina's economy will take a significant hit if the state allows anti-LGBTQ House Bill 2 to remain law. PayPal, Deutsche Bank, the NCAA, and Lionsgate all pulled out of the state after the bill's introduction, with performers such as Bruce Springsteen, Ringo Starr, and Bryan Adams boycotting North Carolina amid the law's introduction.
"For one year now, HB 2 has harmed our reputation and cost our economy thousands of jobs and hundreds of millions of dollars", North Carolina Governor Roy Cooper said March 23 "I have offered numerous compromises and remain open to any deal that will bring jobs and sports back to North Carolina and begin to fix our reputation". Pat McCrory (R) signed into law previous year. "Lt. Gov. Dan Forest, one of the strongest supporters, accused news organizations of creating a false picture of economic upheaval".