Next week, President-elect Donald Trump will be sworn in as the 45th President of the United States and in true Trump fashionâ€”his inauguration is expected to be different and pricey.
Early estimates expect the inauguration to cost between $175 million to $200 million, that includes the official balls, parties, parade and all the securityâ€”which is expected to be the heftiest charge of all at between $30 million to $100 million. Thatâ€™s 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.
â€œWe 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, Trumpâ€™s 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-electâ€™s team is also planning to eliminate some events to keep the price tag somewhat in check.
â€œThe 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.
Trumpâ€™s 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 â€œleadership luncheonâ€ with select cabinet appointees and members of the congressional leadership. 2) Four tickets to an â€œintimateâ€ dinner with Vice President-elect and his wife, Karen. 3) Eight tickets to a â€œladies luncheonâ€ with the women of the first families. 4) Eight tickets to a â€œcandlelightâ€ 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 â€œV.I.P.â€ tickets to the inaugural parade, concert and fireworks, an Inaugural Ball and â€œan entertainment-filledâ€ welcome reception. 6) Eight tickets to President-elect Trumpâ€™s 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 Trumpâ€™s 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 â€œout 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.