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OpportunityTexas™ Measuring Opportunity in the Texas Panhandle Panhandle Regional Community Asset Building Forum April 19, 2012 Amarillo, TX Don Baylor, Jr. ([email protected]) Senior Policy Analyst, Economic Opportunity [email protected] 1 What CPPP Does Improving public policies to better the economic and social conditions of low- and moderate-income Texans. Creating economic opportunity to strengthen families and grow the middle class; Increasing access to quality, affordable health insurance; Helping families meet basic needs; Enhancing child well-being and child protection; Ensuring effective public administration; and Securing fair and adequate taxation to pay for critical public investments in Texas. [email protected] 2 [email protected] 3 The Family Budget Estimator (FBE) Project provides a realistic picture of how much it costs Texas families in different areas of the state to meet their basic needs. www.cppp.org/fbe [email protected] 4 [email protected] 5 Assets & Opportunity Scorecard: Financial Insecurity and Policies to Rebuild Prosperity in America Thanks for joining! www.assetsandopportunity.org [email protected] 6 Measuring financial security and opportunity The Assets & Opportunity Scorecard is a leading source of data on household financial security and policy solutions 2002 2005 [email protected] 2007 2009 2012 7 Assets & Opportunity Scorecard: Areas Where Texas Leads Indicator Texas U.S. Texas Rank Foreclosure Rate 1.9% 4.4% 9th Average Credit Card Debt $6,284 $10,852 4th Microenterprise Ownership Rate 17.4% 16.0% 9th Bankruptcy Rate 2.2 (per 1,000) 5.0 4th [email protected] 8 Areas Where Texas Lags Outcome Measure Texas U.S. Rank Liquid Asset Poverty 50.6% 43.1% 33rd Unbanked/Underbanked 11.7%/24.1% 7.7%/17.9% 47th /48th Subprime Consumers 65.1% 55.8% 49th Low-Wage Jobs 28.0% 22.0% 41st High-Cost Mortgage Loans 8.0% 5.2% 47th Uninsured Rate 26.2% 17.7% 51st High School Degrees 80.7% 85.6% 51st [email protected] 9 What influences these outcomes? Financial and social assets you or your family start with Connection to the financial mainstream Federal, state and local public policy infrastructure History & Demographics Performance & Collaboration of Key Stakeholders [email protected] 10 Texas Regional Opportunity Index (TROI) Identifies, develops, and compares economic mobility indicators across regions in Texas: County-Based Indicators expressed mostly as rates or ratios Tied to larger regional jurisdictions and existing state-driven performance indicators Collects Numerous Sources Under One Roof: National (Survey/Census) Data Federal/IRS & State Agency Data Proprietary Data Customized Sources & Queries CPPP Analysis Updated Periodically Beginning in 2012 Local TROI Assessments Final Product Launch (Late 2012): WebBased Platform with GIS Capability [email protected] 11 TROI Provides Several Ways to Compare Regional Indicators Focuses on about 70 Benchmark Texas Jurisdictions primary indicators over 7 (Panhandle/High Plains) “Opportunity Clusters” Higher Education Moving from demographic Regions(THECB) information to community Education Service Centers performance indicators (TEA) Comparing Apples to Workforce Development Areas Apples (TWC) 4 County Population Tiers Councils of Government Allows for intraregional Health & Human Services and interregional Districts (HHSC) comparisons [email protected] 12 TROI: Where Potter County Leads Opportunity Indicator Cluster Economic Development & Long Term Unemployment Jobs Economic Development & Microenterprise Rate Jobs Income & Financial Institution Density Financial (per 10,000) Stability Food Bank Distribution Rate Income & (lbs. per food insecure Financial resident) Stability Pre-K Enrollment of 4-year Olds K-12 Education Matriculation in Texas 2-year Postsecondary institutions (Share of all H.S. Education & graduates) Training Primary Care Providers (per 10,000) Health Potter County Texas 52.5% 59.3% 26.4% 18.6% 3.63 3.17 110.1 78.0 87.9% 60.0% [email protected] 42.1% 33.0% 16 10 13 TROI: Where Potter County Lags Indicator Cluster IRS VITA Preparation Rate Income & Financial Stability Income & Financial WIC Participation Rate Stability Unbanked/Underbanked Income & Financial Rate Stability Postsecondary B.A. Rate for Full-Time Education & 2yr College Students Training Potter County Texas 0% 1.6% 66.6% 79.7% 12.4%/25.4% 11.7%/24.1% 8.9% 13.4% Subprime Consumers Credit & Debt 50.9% 44.3% Average Credit Score Credit & Debt 661 674 K-12 Education 51.3% 62.8% SAT/ACT Participation Rate Prepaid College Savings Rate [email protected] Savings & Assets 1.86 (per 1,000) 3.43 (per 1,000) 14 Texas College Savings Gap [email protected] 15 Ways to Get Involved, Be Informed Payday and Auto Title Lending: Stop the Cycle of Debt (www.stoppaydayabuse.org) State Revenue: Balanced Budget=Balanced Approach (www.texasforward.org) Savings, Asset Building, & Financial Success (www.raisetexas.org) Issues Affecting Low- and ModerateIncome Texans (www.cppp.org) Creating Good Jobs, Increasing Income, & Promoting Savings (www.opportunitytexas.org) [email protected] 16 Use of This Presentation The Center for Public Policy Priorities encourages you to reproduce and distribute these slides, which were developed for use in making public presentations. If you reproduce these slides, please give appropriate credit to CPPP. The data presented here may become outdated. For the most recent information or to sign up for our free E-Mail Updates, visit www.cppp.org. © CPPP Center for Public Policy Priorities 900 Lydia Street Austin, TX 78702 P 512/320-0222 F 512/320-0227 [email protected] 17