TX SB1961

Requires the Texas Higher Education Coordinating Board (THECB) to post de-identified outcome data on its website for both graduates and non-completers, including program completed, employment status, wages, counties of employment/residence, and industries of employment

Mandates THECB conduct a biennial regional labor demand assessment analyzing current and projected 10-year workforce needs by region, identifying occupations leading to self-sufficient wages, and reporting median wages and job placement rates for relevant credentials

Establishes new criteria for "credentials of value" used in junior college performance tier funding, requiring credentials be aligned with workforce demand, provide positive return on investment, and ensure graduates meet a minimum earnings threshold tied to self-sufficient wage standards

Allows THECB to designate credentials as "credentials of value" for up to two years even if they don't meet standard criteria, based on factors like critical industry workforce demand, state economic priorities, or essential workforce roles

Requires the Texas Workforce Commission to work with employers to enhance wage filing data to include industry, occupation, full-time/part-time status, county of employment and residence, and remote work status to support the biennial labor assessment