Sunday, April 20, 2014

25 PDX METRO Cities EITC TY 2012: Portland Ranked #23 in Avg EITC $$ per filer, and #8th in % of All Filers Using EITC; Cornelius ranked #1 in Both.

I downloaded and did some calculations of the use of the federal EITC by 25 cities in Metro's jurisdiction during TY 2012 (Vancouver is not included). 

Results are in Excel workbook HERE and embedded below. Rankings are in far right columns (if you download the Excel file and unhide columns you will see all the detail, including information about the use of child care tax credits). I also included a worksheet with the same data for ALL Oregon cities. 

Some PDX 25 city observations: 
  1. Cornelius leads all 25 cities in the percentage of all returns using the EITC [21.9%] and the average amount of EITC $$ per EITC return [$2,401]. Making a BIG assumption that each Cornelius filer receiving the EITC worked the same number of hours as a full time employee, this would be the equivalent of an average hourly wage boost of $1.15 per hour ($2,401 /2080 hours = $1.15 per hour).
  2. Portland ranks only 8th in the percentage of all returns using the EITC [16.3%] and 23rd in the average amount of EITC $$ per EITC return. [$1,786] (Gresham ranked 3rd and 4th).
  3. The Metro 25 city average in the percentage of all returns using the EITC [15.1%] and the average amount of EITC $$ per EITC return [$1,932] were BOTH BELOW the statewide average of 18.1% of all returns receiving the EITC and the $2,181 average EITC amount per EITC return. 
  4. Families with children in these 25 PDX metro cities received $155 million in federal EITC $$ in TY 2012 and an additional $170 million in child care tax credits for a total of $325 million. (Recall that in prior post HERE I calculated that statewide TY 2012 federal EITC and Child Tax Credits combined were $1.12 BILLION with EITC at $556 Million).

Originally created and posted on the Oregon Housing Blog.

Thursday, April 17, 2014

Correction: TY 2012 EITC and Child Care Info: In Both Oregon Senate and House State Districts Republicans Have Greater Share of Returns Receiving EITC, and Have Higher EITC $$ Per Return.

Correction: EITC total $$ were $556 million, not $798 million.Text has been corrected below:
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I have downloaded TY 2012 Oregon EITC and Child Tax Credit information into a new Excel workbook HERE and embedded below. This workbook is focused on federal EITC and Child Care tax credits at the State of Oregon House and Senate District level. 

The data was downloaded from the Brooking EITC Interactive site HERE.

The workbook opens in a summary table that shows by party in each chamber:
  • the number of total returns, 
  • the returns receiving the EITC, 
  • the dollar amount of the EITC received, 
  • the percentage of all returns receiving the EITC, 
  • and the average EITC $$ per EITC return.
Other worksheets include House and Senate EITC and child tax credit data by districts (with pivot tables for each) and worksheets listing House and Senate members by District and party. 

Some observations: 
  1. In the House 18.3% of returns in Republic Districts received the EITC vs only 16.3% in Democratic Districts.
  2. In the Senate 17.8% of returns in Republic Districts received the EITC vs only 16.5% in Democratic Districts.
  3. The House average EITC $$ per EITC return in Republican Districts was $2,154 vs only $1,973 in Democratic Districts.
  4. The Senate average EITC $$ per EITC return in Republican Districts was $2,147 vs. only $1,965 in Democratic Districts.
  5. EITC and Child Tax Credits combined were $1.12 BILLION with EITC at $798 $556 Million.
     

Originally created and posted on the Oregon Housing Blog

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Tuesday, April 15, 2014

Oregon Federal EITC and Child Care Credit Data, Tax Year 2011: $1.1 BILLION in Tax Credits to Families with Children.

I have compiled an Excel workbook HERE and embedded below that provides detailed Oregon information about the use of federal earned income and child care tax credits during tax year 2011. 

Worksheets for Oregon are found at state, county, place, and zip code levels using data downloaded from the Brookings EITC interactive website HERE;  an explanation of the data and a data dictionary from Broookings can be found HERE

I have also added an ACS zip code level families with children less than 18 poverty column to the zip code level worksheet.This will allow others to further analyze EITC and child tax credit use in high family poverty zip codes. 

Some observations: 
  1. EITC filers received $540 million in earned income tax credits and another $239 million in child care tax credits for a total of $779 million in tax credits.
  2. All tax filers received $572 million in child care tax credits; This means that NON EITC filers received $333 million in federal child care tax credits in Oregon-that's  58% of the total in child care tax credits. 
  3. Combined the federal EITC and child care tax credits for tax year 2011 in Oregon totalled $1.12 Billion. 
  4. Poverty stats do NOT take into account the value of these tax credits. 
  5. I added a column in the far right that shows a total of EITC and Child Care for each geo area; I notice that totals for all Oregon places do not reach the $1.1 billion total--I am guessing because there are non place geos that receive the EITC and child care credit (eager to hear a different take on why there is a difference). 


Originally created and posted on the Oregon Housing Blog


Sunday, April 13, 2014

Portland and Oregon Personal Per Capita Income: Recent Improvements Yet Rankings Stagnant or Declining Since 2007

The City Club of Portland held a Friday Forum about the health of the regional economy.

Gresham mayor Shane Bemis said during the forum that Portland metro income per capita ranked 136th among metro areas; see YouTube video HERE.  In a subsequent response to my Twitter inquiry he clarified that he meant to say that employment per capita (not per capita income) for Portland metro in 2010 ranked 136th (from a EcoNorwest 2011 Value of Jobs report HERE). 

Oregon Per Capita Income Had 3rd Highest State Improvement in 2013 But Rank Remains at #33.
I appreciated the clarification but wanted to find out more about per capita income so I did some more digging (and calculating) and discovered that Oregon ranked #3 in the country in the growth of per capita income in 2013 (2.7% vs 1.8% nationally), ranking 33rd in the country in per capita income. (Interestingly this is the same as both the 2007 AND 2012 ranking for Oregon).

Oregon Metro Areas Saw Improved 2011-2012 Performance, But Drops in Metro Rankings from 2007-2012.
The 2013 high rate of per capita income growth for Oregon is likely in large part to growth in incomes in the Portland metro area.  (I have not yet been able to find per capita income for 2013 at the metro level, and sent email to BEA asking if there is a planned release date). 

I did yet more digging (and calculating) and was able to find 2012 metro per capita income data. 

During 2012 Portland metro per capita income grew by 4.3% , higher than the national average growth in metro areas of 3.3%.  This high rate of growth improved Portland's ranking by 5 slots from 2011-2012 (from 98th to 93rd out of 381 metro areas), but the Portland 2012 ranking was still 15 slots lower than in 2007, when it ranked 78th.

All Oregon metro areas also saw losses in their metro per capita income ranks from 2007-2012, with Medford dropping a full 69 ranks from 2007-2012, even with 4% growth from 2011 to 2012.

Salem was the only Oregon metro area that showed a decline (6 ranks) in their 2012 vs 2011 metro per capita income ranking. 

Personal Income data can be found on a BEA webpage HERE

A 2010 Oregon Employment Department analysis of why Oregon's per capita income trails the nation is HERE; a more recent 2013 comparison of Oregon metro and non metro per capita income from the same department is HERE.  

Portland Metro Bottom Line: Portland metro per capita income has clearly continued to increase better than the national metro average over the two years, and this likely a cause for improvements seen at the state level. 

Since 2007 Oregon has maintained its ranking (at 33rd), but Portland metro has slipped 15 ranks (to 93rd) even with a strong 2012 showing. (It's possible that a strong 2013 showing will improve Portland's ranking). 

An Excel workbook with the relevant BEA data is HERE and embedded below. ( Data includes 2012 all US metro area personal income data, 2012 Oregon metro areas per capita income data, and state per capita income data for 2013).




Originally created and posted on the Oregon Housing Blog.






Thursday, April 10, 2014

2012 Metro Homeownership Data PLUS Comparisons of Renter Median HH Income to HO Median HH Income.

NAHB has published an interesting piece HERE on metro area rankings on various home ownership metrics, using 1 year 2012 ACS data.

I extracted that metro data from a related PDF file and imported into Excel and THEN added median household income by tenure also from the 2012 ACS. That workbook is HERE and embedded below.

Some observations:

  1. NAHB data shows that the median home value ($249,300) for Portland ranks as the 41st highest among metro areas while the Portland metro median owner occupied income ($75,576) ranks only the 59th highest.  The Portland metro home ownership rate (60.5%) ranks as the 305th among 384 metro areas in the NAHB data.
  2. I calculated that the ratio of renter median household income to owner occupied median household income for most of Oregon's metro areas is 45-46%, which is also the unweighted median I calculated for all US metro areas I analyzed (366 metro areas vs 384 metro areas in NAHB's universe). However, the calculated renter to homeowner household income ratio for the Corvallis metro area was only 27%, substantially lower than Eugene's 46%.
  3. Using this ratio of renter median household income to owner occupied median household income the Portland metro area ranked 178 out of 366 metro areas I analyzed, just about in the middle while the renter to homeowner median household income ratio for Corvallis ranked dead last among all 366 metro areas I analyzed. 

Originally created and posted on the Oregon Housing Blog.