# to plan future income and spending

Governor Newsom Signs Budget Putting Money Back in Californians’ Pockets and Investing in State’s Future | California Governor » SACRAMENTO – Governor Gavin Newsom today signed a $308 billion state budget that provides direct tax refunds for 23 million Californians to help address rising costs, tackles the state’s most pressing… Gov.ca.gov

The Cost of Raising a Child » USDA recently issued Expenditures on Children by Families, 2015. This report is also known as “The Cost of Raising a Child.” USDA has been tracking the cost of raising a child since 1960 and this analysis examines expenses by age of child, household income, budgetary component, and region of the country. Based on the most recent data from the Consumer Expenditures Survey, in 2015, a family will spend approximately $12,980 annually per child in a middle-income ($59,200-$107,400), two-child, married-couple family. Middle-income, married-couple parents of a child born in 2015 may expect to spend $233,610 ($284,570 if projected inflation costs are factored in*) for food, shelter, and other necessities to raise a child through age 17. This does not include the cost of a college education. Usda.gov

Fiscal Data Explains Federal Spending » Check out @FiscalService Fiscal Data’s new federal spending page! #FederalSpending Fiscaldata.treasury.gov

FACT SHEET: The American Families Plan | The White House » Today, President Biden announced the American Families Plan, an investment in our kids, our families, and our economic future. In March, the President signed into law the American Rescue Plan, which continues to provide immediate relief to American families and communities. Approximately 161 million payments of up to $1,400 per person have gone out to households, schools… Whitehouse.gov

The Budget and Economic Outlook: 2023 to 2033 » At a Glance The Congressional Budget Office regularly publishes reports presenting its baseline projections of what the federal budget and the economy would look like in the current year and over the next 10 years if current laws governing taxes and spending generally remained unchanged. This report is the latest in that series. Cbo.gov

What to Know about Medicare Spending and Financing | KFF » This brief provides an overview of Medicare spending and financing, based on the most recent historical and projected data from the Medicare Trustees and the Congressional Budget Office (CBO). The brief highlights trends in Medicare spending and key drivers of spending growth, including higher enrollment, growth in health care costs, and increases in payments to Medicare Advantage plans. Kff.org

What Is a Budget? Plus 10 Budgeting Myths Holding You Back » A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis. Investopedia.com

FACT SHEET: The American Jobs Plan | The White House » While the American Rescue Plan is changing the course of the pandemic and delivering relief for working families, this is no time to build back to the way things were. This is the moment to reimagine and rebuild a new economy. The American Jobs Plan is an investment in America that will create millions of… Whitehouse.gov