Security costs for the Republican National Convention this summer will hit $76 million, says police Commissioner Ray Kelly. Just last month, the estimate was $47 million to $65 million. The estimated cost of police overtime alone will be a staggering $59 million for the four-day gathering, Kelly told the City Council’s Public Safety Committee on Monday. The city, just emerging from successive years of multibillion-dollar budget gaps, will likely have to pick up at least two-thirds of the convention’s security cost – which is even more than the $64 million organizers are raising to bring the convention to the city. No host committee funds would be used for security. Full Story