The total price tag for this week’s Inaugural festivities is roughly $170 million, the majority of which came from personal donations from bailed-out Wall Street execs and wealthy moguls. But how much does the government plan to spend on the event, and how much does the actual swearing-in ceremony cost?
ABC News: The actual swearing-in ceremony will cost $1.24 million, according to Carole Florman, spokeswoman for the Joint Congressional Committee on Inaugural Ceremonies.
The federal government estimates that it will spend roughly $49 million on the inaugural weekend. Washington, D.C., Virginia and Maryland have requested another $75 million from the federal government to help pay for their share of police, fire and medical services.
And then there is the party bill.
“We have a budget of roughly $45 million, maybe a little bit more,” said Linda Douglass, spokeswoman for the inaugural committee…
Among the expenses: a Bruce Springsteen concert, the parade, large-screen TV rentals for all-free viewing on the national Mall, $700,000 to the Smithsonian Institution to stay open and, of course, the balls, including three that are being pitched as free or low cost for the public.
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