And that doesn't include the costs of the most intense security operation in inaugural history.
The amount spent on this year's festivities will rival the $40 million raised to celebrate Bush's first inauguration in 2001, and will exceed the $33 million spent by President Clinton in 1993 when Democrats returned to the White House for the first time in 12 years.
While the partying is being paid for privately, there have been some mutterings about the scale of the celebrations at a time of war and natural disaster.
Money for the celebratory activities is being raised by the Presidential Inaugural Committee, which as of the end of last week had received $18 million, much in six-figure donations from wealthy supporters and corporate sponsors.
Among the dozens of $250,000 donors are Home Depot, Bank of America Corp., Bristol-Myers Squibb and Ford Motor Co. Kevin Sheridan, a spokesman for the committee, said the fund-raisers are confident they would reach their goals. Sales of inaugural memorabilia, another source of revenue, have been even better than in 2001, he said.
Big donors are rewarded with a variety of inaugural packages, including meetings with political VIPs, tickets to the swearing-in ceremony and parade, and hard-to-get entry into the official inaugural balls and dinners.
The events begin Tuesday with a salute to the troops and a youth concert. On Wednesday there will be a celebration on the Ellipse, including a fireworks show, and three candlelight dinners.
On Thursday afternoon, after Bush takes the oath of office at the Capitol, some 11,000 people will take part in a parade from the Capitol down Pennsylvania Avenue, to the White House. That night there will be nine official balls.
Bleacher seats for the parade cost $15, $60 and $125 apiece, while a ticket to a ball - with the exception of one ball for military personnel, which is free - runs $150.
The office of the first lady said Laura Bush will personally pay for her outfits to inaugural events, which include gowns designed by Oscar de la Renta, Carolina Herrera and Peggy Jennings.
"Precedent suggests that inaugural festivities should be muted - if not canceled - in wartime," Rep. Anthony Weiner, D-N.Y. wrote Bush on Tuesday.
Eight congressional Democrats from the Washington area on Wednesday wrote another letter to the president complaining of what they said was the unfair financial burden being imposed on the District of Columbia.
D.C. Mayor Anthony Williams has estimated it will cost the district $17.3 million to help pay for security at the first post-Sept. 11 inauguration, which includes 6,000 law officers and 2,500 military personnel to guard the 250,000 people at the swearing-in and the half-million expected to line the parade route.
Williams, in a letter last month to Homeland Security Secretary Tom Ridge, said he can use $5.4 million from a fund for special events in the capital, but the other $11.9 million will have to come from the city's federal homeland security budget.
The expenses, Williams said, include $5.3 million in overtime costs for police officers and $2.9 million to cover logistics costs, such as transportation, lodging, box lunches, water and granola bars.
The Joint Congressional Committee on Inaugural Ceremonies, which is responsible for the swearing-in ceremony, has $1.25 million to handle various production costs, such as staffing and printing, as well as catering and flowers for the luncheon in the Capitol following the oath of office.
The Architect of the Capitol also has a budget of $2.8 million as part of a construction project to spruce up the West Front of the Capitol, where the ceremonies will take place.
Inauguration day, with its street closings and heightened security, will also be a holiday for federal workers in the Washington area. That, according to the Office of Personnel Management, costs taxpayers an estimated $66 million.
By Jim Abrams