2016 ECONOMIC IMPACT STUDY TEXAS COUNTY & DISTRICT RETIREMENT SYSTEM

Size: px

Start display at page:

Download "2016 ECONOMIC IMPACT STUDY TEXAS COUNTY & DISTRICT RETIREMENT SYSTEM"

Clifford Waters
6 years ago
Views:

1 2016 ECONOMIC IMPACT STUDY TEXAS COUNTY & DISTRICT RETIREMENT SYSTEM

2 TCDRS BOARD OF TRUSTEES CHAIR ROBERT A. ECKELS HARRIS COUNTY RETIREE (FORMER COUNTY JUDGE) VICE-CHAIR H.C. CHUCK CAZALAS NUECES COUNTY RETIREE (FORMER COUNTY COMMISSIONER) CHRIS DAVIS CHEROKEE COUNTY JUDGE MARY LOUISE GARCIA TARRANT COUNTY CLERK DEBORAH HUNT WILLIAMSON CENTRAL APPRAISAL DISTRICT BOARD OF DIRECTORS BRIDGET MCDOWELL TAYLOR COUNTY RETIREE (FORMER COUNTY AUDITOR) BILL METZGER DALLAS COUNTY JUSTICE OF THE PEACE KRISTEEN ROE BRAZOS COUNTY TAX ASSESSOR-COLLECTOR BOB WILLIS POLK COUNTY COMMISSIONER TCDRS is overseen by an independent board of trustees appointed by the Governor and confirmed by the Texas Senate. We do not receive state funding. Each plan is funded independently by the county or district, their employees and investment earnings. TCDRS EXECUTIVE STAFF AMY BISHOP EXECUTIVE DIRECTOR TOM HARRISON DEPUTY DIRECTOR PAUL J. WILLIAMS CHIEF INVESTMENT OFFICER SANDRA BRAGG DEPUTY INVESTMENT OFFICER ANN MCGEEHAN GENERAL COUNSEL The Texas Legislature created TCDRS in 1967 to provide the employees of participating counties and districts with retirement, disability and survivor benefits. 2

3 CONTENTS PART ONE: BENEFIT PAYMENTS BY LEGISLATIVE AND CONGRESSIONAL DISTRICTS...6 STATE SENATE DISTRICTS... 7 STATE HOUSE DISTRICTS CONGRESSIONAL DISTRICTS PART TWO: ECONOMIC IMPACT OF TCDRS BENEFIT PAYMENTS

4 EXECUTIVE SUMMARY RETIREMENT SECURITY BENEFITS TEXAS Every working Texan needs retirement security. When the time comes to retire from the workforce, private and public employees alike want to have saved enough money to enjoy the next stage of their lives. Well-designed and responsibly funded retirement plans like the Texas County & District Retirement System (TCDRS) provide workers with a way to save for a financially secure future. TCDRS returns value to our local communities, too. Most TCDRS retirees continue to live in the communities they served as public employees. In 2016, TCDRS paid $1.2 billion in total benefits to retirees and former members, and 96% stayed in Texas. The following pages show what TCDRS means to the Texas economy and your district. State Senate, House and Congressional districts are listed and reflect the associated number of TCDRS members and benefit recipients, and the amount of money that TCDRS contributes to that community. Statewide in 2016, TCDRS benefit payments supported approximately: $1.8 billion in total economic activity 13,260 jobs created $527 million in additional earnings $1.0 billion added to the Texas GDP The multipliers used in the report were supplied by the Bureau of Economic Analysis, U.S. Department of Commerce. See page 22 for more details. 4

5 TCDRS ANNUAL BENEFIT PAYMENTS BY COUNTY MORE THAN $150 MILLION $10 MILLION TO $60 MILLION $5 MILLION TO $10 MILLION $1 MILLION TO $5 MILLION $500,000 TO $1 MILLION $100,000 TO $500,000 LESS THAN $100,000 5

6 PART ONE AVERAGE MEMBERSHIP AND BENEFIT PAYMENT BY LEGISLATIVE AND CONGRESSIONAL DISTRICTS 1 STATE SENATE STATE HOUSE CONGRESSIONAL TOTAL MEMBERS Includes working and retired members and beneficiaries. 8,576 1,772 7,385 MEMBERS Includes all working members who have deposits with TCDRS. 6,548 1,353 5,639 BENEFIT RECIPIENTS Includes retirees and beneficiaries receiving recurring benefit payments. 2, ,746 AVERAGE ANNUAL BENEFIT PAYMENTS PER DISTRICT $38 MILLION $8 MILLION $33 MILLION 1 Based on membership as of Dec. 31, 2016 TCDRS members live in all Texas legislative districts. In 2016, TCDRS paid $1.2 billion in benefits to retirees and former members with 96% of that going to Texas addresses. 6

7 TCDRS MEMBERS AND BENEFIT PAYMENTS BY SENATE DISTRICT TOTAL BENEFIT BENEFIT DISTRICT AMOUNT MEMBERS RECIPIENTS TOTAL SENATOR 1 $38,626,012 6,368 2,738 9,106 R-Mineola Bryan Hughes 2 $38,864,390 5,577 2,060 7,637 R-Edgewood Bob Hall 3 $58,783,050 8,700 3,651 12,351 R-Jacksonville Robert Nichols 4 $62,286,766 7,807 2,565 10,372 R-Conroe Brandon Creighton 5 $44,422,295 8,415 2,457 10,872 R-Georgetown Charles Schwertner 6 $21,452,676 3, ,230 D-Houston Sylvia Garcia 7 $40,865,608 5,269 1,484 6,753 R-Houston Paul Bettencourt 8 $17,038,728 2, ,345 R-Plano Van Taylor 9 $17,714,160 2, ,057 R-N. Richland Hills Kelly Hancock 10 $30,654,879 3,444 1,187 4,631 R-Colleyville Konni Burton 11 $53,536,019 6,619 2,376 8,995 R-Friendswood Larry Taylor 12 $23,743,898 3,680 1,100 4,780 R-Flower Mound Jane Nelson 13 $24,633,865 3,945 1,014 4,959 D-Houston Borris Miles 14 $38,017,413 5,495 1,493 6,988 D-Austin Kirk Watson 15 $38,674,500 4,622 1,421 6,043 D-Houston John Whitmire 16 $17,968,898 1, ,601 R-Dallas Don Huffines 17 $35,024,087 5,037 1,378 6,415 R-Houston Joan Huffman 18 $63,743,002 11,209 3,425 14,634 R-Brenham Lois Kolkhorst 19 $37,792,639 9,256 2,488 11,744 D-San Antonio Carlos Uresti 20 $34,586,862 6,236 1,949 8,185 D-McAllen Juan Chuy Hinojosa 21 $39,754,709 10,852 2,877 13,729 D-Laredo Judith Zaffirini 22 $45,059,448 6,819 2,508 9,327 R-Granbury Brian Birdwell 23 $23,331,791 4,051 1,037 5,088 D-Dallas Royce West 24 $43,803,531 7,042 2,863 9,905 R-Lakeway Dawn Buckingham 25 $41,513,415 6,253 2,003 8,256 R-New Braunfels Donna Campbell 26 $27,682,955 3,881 1,324 5,205 D-San Antonio José Menéndez 27 $24,041,997 6,083 1,721 7,804 D-Brownsville Eddie Lucio Jr. 28 $50,243,474 12,936 3,976 16,912 R-Lubbock Charles Perry 29 $40,008,441 10,126 1,995 12,121 D-El Paso José Rodríguez 30 $49,238,413 8,325 2,884 11,209 R-Wichita Falls Craig Estes 31 $66,280,773 14,727 3,845 18,572 R-Amarillo Kel Seliger 7

8 STATE OF TEXAS SENATE DISTRICTS ECONOMIC IMPACT STUDY TEXAS COUNTY & DISTRICT RETIREMENT SYSTEM 4

9 STATE OF TEXAS SENATE DISTRICTS: URBAN DISTRICTS BURNET W ILLIAM SON 5 M ONTAGUE COOKE 30 GRAYSON FANNIN BLANCO TRAVIS LEE W ISE DENTON 12 COLLIN 8 HUNT 25 HAYS 21 BASTROP 16 ROCKW ALL JIM HOGG BROOKS CALDW ELL PARKER 9 DALLAS 2 STARR 21 KENEDY HOOD TARRANT 10 JOHNSON ELLIS KAUFM AN 20 W ILLACY M ONTGOM ERY HIDALGO LIBERTY 7 CAM ERON HARRIS 18 W ALLER EL PASO HUDSPETH KENDALL 24 BANDERA 25 COM AL GUADALUPE FORT BEND BRAZORIA 6 11 GALVESTON CHAM BERS 26 BEXAR 19 ATASCOSA M EDINA W ILSON 21 9

10 TCDRS MEMBERS AND BENEFIT PAYMENTS BY HOUSE DISTRICT TOTAL BENEFIT BENEFIT DISTRICT AMOUNT MEMBERS RECIPIENTS TOTAL REPRESENTATIVE 1 $7,270,439 1, ,508 R-New Boston Gary VanDeaver 2 $10,178,932 1, ,489 R-Van Dan Flynn 3 $13,311,183 1, ,399 R-Magnolia Cecil Bell Jr. 4 $12,687,086 1, ,460 R-Terrell Lance Gooden 5 $9,346,211 1, ,018 R-Mount Pleasant Cole Hefner 6 $5,781,446 1, ,484 R-Tyler Matt Schaefer 7 $6,692,835 1, ,661 R-Longview Jay Dean 8 $9,304,408 1, ,354 R-Corsicana Byron Cook 9 $9,738,735 1, ,447 R-Marshall Chris Paddie 10 $9,696,046 1, ,775 R-Waxahachie John Wray 11 $8,109,491 1, ,002 R-Nacogdoches Travis Clardy 12 $10,966,245 1, ,329 R-College Station Kyle Kacal 13 $16,563,086 2, ,362 R-Caldwell Leighton Schubert 14 $4,604, ,277 R-Bryan John Raney 15 $7,877,604 1, ,699 R-The Woodlands Mark Keough 16 $16,340,964 2, ,112 R-Conroe Will Metcalf 17 $13,519,939 2, ,479 R-Lockhart John Cyrier 18 $12,692,613 1, ,643 R-Shepherd Ernest Bailes 19 $14,628,567 1, ,817 R-Hillister James White 20 $17,401,770 2, ,216 R-Marble Falls Terry Wilson 21 $15,699,890 1, ,346 R-Beaumont Dade Phelan 22 $11,113,309 1, ,475 D-Beaumont Joseph Joe Deshotel 23 $18,378,926 2, ,058 R-Galveston Wayne Faircloth 24 $11,435,445 1, ,958 R-Friendswood Greg Bonnen 25 $17,108,477 2, ,641 R-Angleton Dennis Bonnen 26 $7,603,869 1, ,504 R-Sugar Land Rick Miller 27 $7,047,530 1, ,692 D-Missouri City Ron Reynolds 28 $5,942,742 1, ,501 R-Richmond John Zerwas 29 $9,596,107 1, ,959 R-Pearland Ed Thompson 30 $13,485,246 2, ,695 R-Victoria Geanie Morrison 10

11 TCDRS MEMBERS AND BENEFIT PAYMENTS BY HOUSE DISTRICT (CONTINUED) TOTAL BENEFIT BENEFIT DISTRICT AMOUNT MEMBERS RECIPIENTS TOTAL REPRESENTATIVE 31 $10,278,877 3, ,165 D-Rio Grande City Ryan Guillen 32 $9,428,821 1, ,674 R-Corpus Christi Todd Hunter 33 $7,330,388 1, ,444 R-Rockwall Justin Holland 34 $9,181,179 1, ,825 D-Robstown Abel Herrero 35 $2,822, ,133 D-Mission Oscar Longoria 36 $3,006, D-Palmview Sergio Muñoz Jr. 37 $5,146,690 1, ,877 D-Brownsville René Oliveira 38 $5,631,939 1, ,877 D-Brownsville Eddie Lucio III 39 $4,122,143 1, ,323 D-Weslaco Armando Mando Martinez 40 $7,143,930 1, ,098 D-Edinburg Terry Canales 41 $5,588,570 1, ,341 D-McAllen R.D. Bobby Guerra 42 $7,120,226 1, ,336 D-Laredo Richard Peña Raymond 43 $10,400,707 2, ,232 R-Kingsville J.M. Lozano 44 $9,641,443 2, ,758 R-Seguin John Kuempel 45 $11,959,103 2, ,739 R-Dripping Springs Jason Isaac 46 $6,968,411 1, ,292 D-Austin Dawnna Dukes 47 $9,137,437 1, ,458 R-Austin Paul Workman 48 $9,571,046 1, ,438 D-Austin Donna Howard 49 $6,290, D-Austin Gina Hinojosa 50 $6,192,008 1, ,402 D-Austin Celia Israel 51 $6,205,058 1, ,346 D-Austin Eddie Rodriguez 52 $5,397,341 1, ,939 R-Round Rock Larry Gonzales 53 $15,777,618 2,825 1,091 3,916 R-Junction Andrew Murr 54 $4,547,490 1, ,433 R-Killeen Scott Cosper 55 $8,608,704 1, ,663 R-Temple Hugh Shine 56 $10,150,181 1, ,620 R-Waco Charles Doc Anderson 57 $8,466,903 1, ,294 R-Lufkin Trent Ashby 58 $9,023,833 1, ,085 R-Cleburne DeWayne Burns 59 $8,863,362 1, ,365 R-Gatesville J.D. Sheffield 60 $11,514,519 2, ,895 R-Granbury Mike Lang 11

12 TCDRS MEMBERS AND BENEFIT PAYMENTS BY HOUSE DISTRICT (CONTINUED) TOTAL BENEFIT BENEFIT DISTRICT AMOUNT MEMBERS RECIPIENTS TOTAL REPRESENTATIVE 61 $9,756,918 1, ,536 R-Weatherford Phil King 62 $9,932,617 1, ,180 R-Sherman Larry Phillips 63 $1,757, R-Flower Mound Tan Parker 64 $8,221,297 1, ,842 R-Denton Lynn Stucky 65 $2,305, R-Carrollton Ron Simmons 66 $1,270, R-Plano Matt Shaheen 67 $3,544, R-Plano Jeff Leach 68 $14,043,291 3,643 1,205 4,848 R-Muenster Drew Springer Jr. 69 $7,775,330 1, ,933 R-Wichita Falls James Frank 70 $10,180,628 1, ,660 R-McKinney Scott Sanford 71 $8,194,578 1, ,208 R-Abilene Stan Lambert 72 $11,679,889 2, ,810 R-San Angelo Drew Darby 73 $11,195,510 1, ,417 R-Fredericksburg Kyle Biedermann 74 $11,510,691 4, ,094 D-Eagle Pass Alfonso Poncho Nevárez 75 $5,988,401 2, ,531 D-Clint Mary González 76 $7,908,457 1, ,203 D-El Paso César Blanco 77 $8,009,041 1, ,905 D-El Paso Evelina Ortega 78 $7,945,057 1, ,248 D-El Paso Joe Moody 79 $9,027,067 2, ,638 D-El Paso Joseph Joe Pickett 80 $6,788,736 2, ,041 D-Uvalde Tracy King 81 $25,458,025 5,706 1,281 6,987 R-Odessa Brooks Landgraf 82 $11,022,885 3, ,715 R-Midland Tom Craddick 83 $11,785,619 3, ,971 R-Lubbock Dustin Burrows 84 $4,998,742 1, ,445 R-Lubbock John Frullo 85 $15,971,779 2, ,644 R-Wharton Phil Stephenson 86 $10,991,300 2, ,786 R-Amarillo John Smithee 87 $9,188,165 1, ,466 R-Amarillo Four Price 88 $12,899,827 3, ,007 R-Canadian Ken King 89 $4,516, R-Parker Jodie Laubenberg 90 $2,182, D-Fort Worth Ramon Romero Jr. 12

13 TCDRS MEMBERS AND BENEFIT PAYMENTS BY HOUSE DISTRICT (CONTINUED) TOTAL BENEFIT BENEFIT DISTRICT AMOUNT MEMBERS RECIPIENTS TOTAL REPRESENTATIVE 91 $6,088, R-Fort Worth Stephanie Klick 92 $3,523, R-Bedford Jonathan Stickland 93 $3,828, R-Fort Worth Matt Krause 94 $6,676, R-Arlington Tony Tinderholt 95 $5,971, D-Fort Worth Nicole Collier 96 $6,273, ,238 R-Arlington William Bill Zedler 97 $10,093, ,284 R-Fort Worth Craig Goldman 98 $2,355, R-Southlake Giovanni Capriglione 99 $11,092, ,406 R-Fort Worth Charlie Geren 100 $3,158, D-Dallas Eric Johnson 101 $1,619, D-Grand Prairie Chris Turner 102 $2,816, R-Dallas Linda Koop 103 $2,264, D-Dallas Rafael Anchia 104 $2,696, D-Dallas Roberto Alonzo 105 $3,268, R-Grand Prairie Rodney Anderson 106 $4,710, ,232 R-Frisco Pat Fallon 107 $6,263, D-Dallas Victoria Neave 108 $4,248, R-Dallas Morgan Meyer 109 $8,117,374 1, ,803 D-Dallas Helen Giddings 110 $2,424, D-Dallas Toni Rose 111 $8,161,861 1, ,350 D-Dallas Yvonne Davis 112 $3,630, R-Garland Angie Chen Button 113 $5,873, R-Sunnyvale Cindy Burkett 114 $5,388, R-Dallas Jason Villalba 115 $2,527, R-Irving Matt Rinaldi 116 $6,485, ,010 D-San Antonio Diana Arévalo 117 $5,166, ,189 D-San Antonio Philip Cortez 118 $5,889, ,334 D-San Antonio Tomas Uresti 119 $5,665, ,240 D-San Antonio Roland Gutierrez 120 $5,484, ,019 D-San Antonio Barbara Gervin-Hawkins 13

14 TCDRS MEMBERS AND BENEFIT PAYMENTS BY HOUSE DISTRICT (CONTINUED) TOTAL BENEFIT BENEFIT DISTRICT AMOUNT MEMBERS RECIPIENTS TOTAL REPRESENTATIVE 121 $6,313, ,124 R-San Antonio Joe Straus III 122 $6,363, ,044 R-San Antonio Lyle Larson 123 $6,691, ,153 D-San Antonio Diego Bernal 124 $5,779,009 1, ,348 D-San Antonio Ina Minjarez 125 $5,846, ,130 D-San Antonio Justin Rodriguez 126 $7,566, ,177 R-Houston Kevin Roberts 127 $10,583,328 1, ,769 R-Houston Dan Huberty 128 $12,490,218 1, ,601 R-Houston Briscoe Cain 129 $8,431, ,299 R-Houston Dennis Paul 130 $11,338,677 1, ,742 R-Cypress Tom Oliverson 131 $5,586, ,100 D-Houston Alma Allen 132 $7,397,720 1, ,499 R-Katy Mike Schofield 133 $5,631, R-Houston Jim Murphy 134 $9,025, ,060 R-West University Place Sarah Davis 135 $6,523,972 1, ,240 R-Houston Gary Elkins 136 $4,654,612 1, ,429 R-Cedar Park Tony Dale 137 $2,678, D-Houston Gene Wu 138 $5,789, R-Houston Dwayne Bohac 139 $8,862,922 1, ,417 D-Houston Jarvis Johnson 140 $4,722, D-Houston Armando Walle 141 $6,195, ,110 D-Houston Senfronia Thompson 142 $5,689,363 1, ,366 D-Houston Harold Dutton Jr. 143 $6,539, ,181 D-Houston Ana Hernandez 144 $2,817, D-Houston Mary Ann Perez 145 $5,461, D-Houston Carol Alvarado 146 $5,923, ,006 D-Houston Shawn Thierry 147 $6,877, ,168 D-Houston Garnet Coleman 148 $6,218, D-Houston Jessica Farrar 149 $2,382, D-Houston Hubert Vo 150 $11,545,581 1, ,794 R-Spring Valoree Swanson 14

15 STATE OF TEXAS HOUSE DISTRICTS ECONOMIC IMPACT STUDY TEXAS COUNTY & DISTRICT RETIREMENT SYSTEM 22 21

16 STATE OF TEXAS HOUSE DISTRICTS: URBAN DISTRICTS JIM HOGG STARR HIDALGO 79 BROOKS EL PASO HUDSPETH 74 BURNET BLANCO 45 HAYS 31 KENDALL BANDERA 47 TRAVIS KENEDY WILLACY WILLIAMSON CAMERON COMAL CALDWELL 17 LEE BASTROP GUADALUPE MONTAGUE PARKER HOOD 60 WALLER WISE 61 3 FORT BEND JOHNSON 58 MONTGOMERY COOKE TARRANT DENTON ELLIS COLLIN BRAZORIA HARRIS ROCKWALL GRAYSON DALLAS FANNIN 18 LIBERTY 128 HUNT 2 KAUFMAN 4 CHAMBERS GALVESTON 117 MEDINA 31 ATASCOSA 53 BEXAR WILSON 16

17 TCDRS MEMBERS AND BENEFIT PAYMENTS BY CONGRESSIONAL DISTRICT TOTAL BENEFIT BENEFIT DISTRICT AMOUNT MEMBERS RECIPIENTS TOTAL CONGRESSMAN 1 $30,277,652 5,421 2,168 7,589 R-Tyler Louie Gohmert 2 $38,157,691 4,215 1,249 5,464 R-Humble Ted Poe 3 $18,362,899 2, ,476 R-Plano Sam Johnson 4 $40,027,391 6,185 2,495 8,680 R-Heath John Ratcliffe 5 $33,800,406 4,803 1,919 6,722 R-Dallas Jeb Hensarling 6 $28,429,875 3,915 1,295 5,210 R-Ennis Joe Barton 7 $21,817,656 2, ,726 R-Houston John Culberson 8 $51,004,452 7,939 2,470 10,409 R-The Woodlands Kevin Brady 9 $19,319,120 3, ,313 D-Houston Al Green 10 $43,455,113 6,302 1,861 8,163 R-Austin Michael McCaul 11 $60,083,457 13,113 3,852 16,965 R-Midland K. Michael Conaway 12 $37,259,066 4,403 1,610 6,013 R-Fort Worth Kay Granger 13 $43,989,559 9,539 3,045 12,584 R-Clarendon William Mac Thornberry 14 $58,940,289 6,906 2,694 9,600 R-Pearland Randy Weber 15 $28,522,795 6,599 1,898 8,497 D-McAllen Vicente Gonzalez 16 $36,029,265 8,618 1,713 10,331 D-El Paso Robert Beto O Rourke 17 $36,615,720 5,917 1,952 7,869 R-Waco Bill Flores 18 $30,551,244 4,021 1,183 5,204 D-Houston Sheila Jackson Lee 19 $39,572,422 9,097 2,897 11,994 R-Lubbock Jodey Arrington 20 $23,995,619 3,463 1,132 4,595 D-San Antonio Joaquin Castro 21 $38,447,363 5,283 1,929 7,212 R-San Antonio Lamar Smith 22 $38,795,349 6,439 1,549 7,988 R-Sugar Land Pete Olson 23 $39,433,514 11,166 2,683 13,849 R-Helotes Will Hurd 24 $11,991,841 1, ,217 R-Coppell Kenny Marchant 25 $39,860,525 5,667 2,162 7,829 R-Weatherford Roger Williams 26 $19,029,490 3, ,567 R-Flower Mound Michael Burgess 27 $49,078,631 8,247 2,889 11,136 R-Corpus Christi R. Blake Farenthold 28 $24,739,642 6,955 1,716 8,671 D-Laredo Henry Cuellar 29 $19,125,426 2, ,849 D-Houston Gene Green 30 $23,080,251 3,739 1,005 4,744 D-Dallas Eddie Bernice Johnson 31 $32,943,819 6,150 1,699 7,849 R-Georgetown John Carter 32 $18,061,342 2, ,792 R-Dallas Pete Sessions 33 $10,126,663 1, ,067 D-Fort Worth Marc Veasey 34 $26,980,266 6,722 2,006 8,728 D-Brownsville Filemon Vela Jr. 35 $26,261,050 4,928 1,353 6,281 D-Austin Lloyd Doggett 36 $51,221,829 6,019 2,622 8,641 R-Woodville Brian Babin 17

18 STATE OF TEXAS CONGRESSIONAL DISTRICTS ECONOMIC IMPACT STUDY TEXAS COUNTY & DISTRICT RETIREMENT SYSTEM 9 14

19 STATE OF TEXAS CONGRESSIONAL DISTRICTS: URBAN DISTRICTS BURNET 21 TRAVIS 25 WILLIAMSON LEE MONTAGUE 13 WISE COOKE DENTON 26 GRAYSON COLLIN 3 FANNIN HUNT BLANCO 21 HAYS 35 BASTROP 27 CALDWELL ROCKWALL JIM HOGG STARR BROOKS KENEDY PARKER 6 TARRANT 33 DALLAS 30 5 KAUFMAN 11 HOOD JOHNSON 25 ELLIS HIDALGO WILLACY 34 MONTGOMERY 8 LIBERTY CAMERON HARRIS WALLER EL PASO HUDSPETH KENDALL BANDERA COMAL GUADALUPE 15 FORT BEND BRAZORIA 29 CHAMBERS 14 GALVESTON 23 MEDINA 20 BEXAR WILSON ATASCOSA 19

20 PART TWO ECONOMIC IMPACT 2016 TCDRS DATA USED IN THIS STUDY: TCDRS PAID $1.2 BILLION IN TOTAL BENEFITS. 62,868 RECIPIENTS WERE PAID BENEFITS. 96% OF BENEFIT RECIPIENTS LIVE IN TEXAS. TCDRS members provide vital services to Texas and when they retire, their retirement benefits return value to their local communities. 20

21 THE MULTIPLIER EFFECT A retired sheriff... This diagram shows how TCDRS benefits flow through the economy, supporting jobs and incomes in the process. RETIREMENT BENEFIT...uses his money to buy a new lawnmower. DIRECT IMPACT As a result of that purchase, the owner of the hardware store, the lawnmower salesman and the other companies involved in production see an increase in income. INDIRECT IMPACT These companies use that income to hire additional employees, and those new employees spend their paychecks in the local economy. INDUCED IMPACT 21

22 ECONOMIC IMPACT AT A GLANCE TOTAL OUTPUT: $1.8 BILLION Total Output covers all economic activity generated by: TCDRS benefit payments All additional economic activity in Texas generated by those payments The Total Output figure is based on TCDRS benefit payments in millions of dollars multiplied by the U.S. Bureau of Economic Analysis Total Output Multiplier of JOBS CREATED: 13,260 Jobs Created encompasses Texas jobs that were formed as a result of TCDRS benefit payments. The Jobs Created figure is calculated by multiplying TCDRS benefit payments in millions of dollars by the U.S. Bureau of Economic Analysis Jobs Multiplier of Multipliers used in this report come from the Bureau of Economic Analysis, U.S. Department of Commerce Region: Texas; Industry: Households. Regional data year is The multipliers for 2015 in the households industry are lower than in previous years because of the tax and savings adjustments made in the RIMS II model. These adjustments affect the spending rate, or the portion of each dollar available to be spent in the region. The spending rate for Texas calculated using 2015 data is lower than the spending rate calculated using 2013 and 2010 data. This lower spending rate had the effect of decreasing the household multipliers. 22

23 ECONOMIC IMPACT AT A GLANCE ADDITIONAL EARNINGS: $527 MILLION Additional Earnings include salaries earned by persons employed in Texas jobs that were formed as a result of TCDRS benefit payments. The Additional Earnings figure is calculated by multiplying TCDRS benefit payments in millions of dollars by the U.S. Bureau of Economic Analysis Earnings Multiplier of VALUE ADDED: $1.0 BILLION Value Added equals the amount added to the Texas Gross Domestic Product (total value of new goods and services produced within Texas borders) due to TCDRS benefit payments. The Value Added figure is calculated by multiplying TCDRS benefit payments in millions of dollars by the U.S. Bureau of Economic Analysis Value Added Multiplier of

24 901 MOPAC EXPY. SOUTH BARTON OAKS PLAZA IV, STE 500 AUSTIN, TX P.O. BOX 2034 AUSTIN, TX Rev. 6/17

VOTING RECORD YOUR LEGISLATORS VOTING RECORD ON SMALL BUSINESS ISSUES 2017 EDITION Texas

2017 Texas VOTING RECORD YOUR LEGISLATORS VOTING RECORD ON SMALL BUSINESS ISSUES 2017 EDITION Legislative Issues from the 2017 Texas Legislative Session: Floor votes by your state legislators on key small