June 30, 2007 12:15 AM UTC

Dem convention host committee $1.5 million short

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• by: mountain man

DENVER (AP) — The host committee for the 2008 Democratic National Convention in Denver is still about $1.5 million short of a $7.5 million fundraising goal it set for June 1.

“We have $6 million in the bank. We have other donations committed. Now we’re just trying to decipher how much is in cash and how much is in-kind,” committee member Steve Farber said Friday.

Farber said he was confident the committee had enough donations.

The Democratic National Committee and the host committee hoped to raise $40 million in cash and $15 million in in-kind donations by June 2008, with a goal of raising $7.5 million by June 1, 2007.

The host committee missed that first goal by $2 million but has since closed the shortfall by $500,000. The convention is scheduled Aug. 25-28, 2008.