North Carolina's new anti-LGBT bathroom law is going to cost the state much more than its reputation. A new study released Wednesday by the Williams Institute at UCLA School of Law did the math, calculating that the state could lose as much as $5 billion if it decides to keep its law that requires transgender people to use the bathroom that corresponds to their biological sex.
The law would cost the state $4.8 billion in federal grants and contracts, $4.7 billion of which would be funding for public schools, colleges, and universities. On top of that, the state has already lost $40 million in business investments that have been withdrawn from the state. That total could increase by another $20 million if more businesses decide to exit the state.
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