Presentation on theme: "OpportunityTexas™ Measuring Opportunity in the Texas Panhandle Panhandle Regional Community Asset Building Forum April 19, 2012 Amarillo,"— Presentation transcript:
OpportunityTexas™ Measuring Opportunity in the Texas Panhandle Panhandle Regional Community Asset Building Forum April 19, 2012 Amarillo, TX Don Baylor, Jr. Senior Policy Analyst, Economic
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.
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.
Assets & Opportunity Scorecard: Financial Insecurity and Policies to Rebuild Prosperity in America Thanks for joining!
Measuring financial security and opportunity The Assets & Opportunity Scorecard is a leading source of data on household financial security and policy solutions
Assets & Opportunity Scorecard: Areas Where Texas Leads IndicatorTexasU.S.Texas Rank Foreclosure Rate1.9%4.4%9th Average Credit Card Debt $6,284$10,8524th Microenterprise Ownership Rate 17.4%16.0%9th Bankruptcy Rate2.2 (per 1,000)5.04th
Areas Where Texas Lags Outcome MeasureTexasU.S.Rank Liquid Asset Poverty50.6%43.1%33 rd Unbanked/Underbanked11.7%/24.1%7.7%/17.9%47 th /48 th Subprime Consumers65.1%55.8%49 th Low-Wage Jobs28.0%22.0%41 st High-Cost Mortgage Loans8.0%5.2%47 th Uninsured Rate26.2%17.7%51 st High School Degrees80.7%85.6%51 st
What influences these outcomes? Financial and social assets you or your family start with Connection to the financial mainstream Federal, state and local p ublic policy infrastructure History & Demographics Performance & Collaboration of Key Stakeholders
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): Web- Based Platform with GIS Capability
TROI Provides Several Ways to Compare Regional Indicators Focuses on about 70 primary indicators over 7 “Opportunity Clusters” Moving from demographic information to community performance indicators Comparing Apples to Apples 4 County Population Tiers Allows for intraregional and interregional comparisons Benchmark Texas Jurisdictions (Panhandle/High Plains) Higher Education Regions(THECB) Education Service Centers (TEA) Workforce Development Areas (TWC) Councils of Government Health & Human Services Districts (HHSC)
Texas College Savings Gap
Payday and Auto Title Lending: Stop the Cycle of Debt (www.stoppaydayabuse.org)www.stoppaydayabuse.org State Revenue: Balanced Budget=Balanced Approach (www.texasforward.org)www.texasforward.org Savings, Asset Building, & Financial Success (www.raisetexas.org)www.raisetexas.org Issues Affecting Low- and Moderate- Income Texans (www.cppp.org)www.cppp.org Creating Good Jobs, Increasing Income, & Promoting Savings (www.opportunitytexas.org)www.opportunitytexas.org Ways to Get Involved, Be Informed