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Obama Inauguration's Hefty Price Tag

1:10 PM, Dec 16, 2012   |    comments
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Washington, D.C.--- The pomp surrounding the inauguration of the president of the United States carries a hefty price tag, from the glitzy galas to all those inaugural balls.

But taxpayers aren't on the hook for the fun stuff such as the balls.

A big chunk of the tab for the 57th inauguration next month will be picked up by loyal supporters and other private donors.

In 2009, Barack Obama raised $53 million in private money for his first inauguration, but his second inaugural is expected to be smaller.

The other gigantic part of the tab is security, which is picked up by taxpayers.

The government reimbursed the District of Columbia $44 million in 2009. Much of that was inaugural security, but doesn't include Secret Service or military personnel costs.

 

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The Associated Press

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