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Schwarzenegger: Private Cash for Inaugural
Tapping some of his usual sources, Governor Arnold Schwarzenegger has raised at least $640,000 so far for his second inaugural celebration, largely from corporations and business groups that lobby at the Capitol.
The Republican governor's inauguration committee released a list of 31 initial contributors on Friday.
Most of them are major donors who have given a total of $2.8 million to Schwarzenegger's campaign committees since he ran for governor in the 2003 recall election.
The committee did not give a breakdown specifying how much each donor contributed to fund the two-day inaugural celebration. But it said five contributors — Adams Steel of Anaheim, the California Chamber of Commerce, the California Real Estate Political Action Committee, Chevron Products Co. and Raley's Supermarkets — had given at least $50,000 apiece.
The other contributors, including the Association of California Life and Health Insurance Companies, the California Association of Hospitals and Health Systems, the California Building Industry Association and the California Motor Car Dealers Association, gave at least $15,000.
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Schwarzenegger will be sworn in for a second term on Jan. 5 at Sacramento's Memorial Auditorium.
Details of events surrounding the inauguration are still being worked out, but they will include a public event on Jan. 4 and a black-tie, invitation-only party on Jan. 5, said Julie Soderlund, a spokeswoman for the inaugural committee.
She said Schwarzenegger, a multimillionaire, sought private contributions to cover the costs because he didn't want to saddle taxpayers with the expenses.
© 2006 Associated Press.
Editor's note:
Read more on this subject in related Hot Topics: Inside Cover Stories
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