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Local Planners For RNC Say Money Goal Met

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Local Planners For RNC Say Money Goal Met

ST. PAUL (AP) ― The local host committee for the Republican National Convention says it has hit its fundraising mark so far and now has more than $31 million in the door.

Under its contract with the party, the Minneapolis-St. Paul Host Committee has promised to raise at least $39 million by mid-July. It had a goal of getting 80 percent of the money by June 15.

A news release from the committee says it hopes to pull in $58 million by the convention, where Republicans will nominate John McCain for president.

The host committee hasn't released a detailed accounting of its fundraising. By law, it doesn't have to file such a report until after the convention.

The host committee's Web site lists more than 50 corporate donors who have pledged money or services.

The committee is planning many events around the September convention while the Republican Party is in charge of what happens inside the Xcel Energy Center.

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According to GOP.com, the Republican Party was born in the early 1850's by anti-slavery activists and individuals who believed that government should grant western lands to settlers free of charge. In 1860, Abraham Lincoln was elected as the first Republican Party president.

(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)