Next week, President-elect Donald Trump will be sworn in as the 45th President of the United States and in true Trump fashionâhis inauguration is expected to be different and pricey.
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Early estimates expect the inauguration to cost between $175 million to $200 million, that includes the official balls, parties, parade and all the securityâwhich is expected to be the heftiest charge of all at between $30 million to $100 million. Thatâs due in large part, to the more than 200,000 protestors expected.
D.C. Mayor Muriel Bowser told reporters last week security costs could run an estimated $30 million for the city, while other media outlets are reporting overall, security costs will exceed $100 million, and that's not including cleanup costs.
Boris Epshteyn, director of communications for the Presidential Inaugural Committee, says information on the exact cost is not yet available.
âWe have an outpouring of support from all entities and a lot of individuals, which is in compliance with the guidelines that we put out,â Epshteyn told FOXBusiness.com.
According to the New York Times, Trumpâs team is hoping to raise $65 million to $75 million of private funds to help fund the inaugural balls, the rest of the overall expenses will be covered by taxpayers. Additionally, the president-electâs team is also planning to eliminate some events to keep the price tag somewhat in check.
âThe parade is going to be shorter in time, and as far as ten balls, [instead] there are going to be three inaugural balls. Two official balls, including one for the President and first responders and fireman,â Epshteyn said.
Trumpâs Inaugural Committee has also created tiered donation packages that grant varying levels of access to Inaugural events. This is what a $1 million donation grants you:
1) Four tickets to an exclusive âleadership luncheonâ with select cabinet appointees and members of the congressional leadership. 2) Four tickets to an âintimateâ dinner with Vice President-elect and his wife, Karen. 3) Eight tickets to a âladies luncheonâ with the women of the first families. 4) Eight tickets to a âcandlelightâ dinner with appearances by President-elect Trump and his wife, Melania as well as Vice President-elect Mike Pence, and his wife, Karen. 5) Eight âV.I.P.â tickets to the inaugural parade, concert and fireworks, an Inaugural Ball and âan entertainment-filledâ welcome reception. 6) Eight tickets to President-elect Trumpâs swearing-in ceremony.
Companies such as Boeing (NYSE:BA) , United Parcel Service (UPS) (NYSE:UPS) , Coca-Cola (NYSE:KO), Delta Airlines (NYSE:DAL), Southern Co (NYSE:SO), AFLAC (NYSE:AFL), and Nuclear Energy Institute made donations to Trumpâs Inaugural committee. Of the companies that disclosed what they gave, Boeing gave the most, at $1 million--even after Trump slammed the aerospace and defense company on Twitter for building a $4 billion Air Force One jet, saying the costs were âout of control.â
Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!— Donald J. Trump (@realDonaldTrump) December 6, 2016
According to the Congressional Research Service, President Obama holds the record for raising the most private funds for the inauguration. In 2009, he raised $53 million, but in 2013 it was $44 million, which fell in line with what George W. Bush brought in in 2005, a cool $42.3 million.