Schwarzenegger says day of reckoning is here - Boston Business Journal:

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“California’s day of reckoning is here,” he said. With no the state could run out of cash in 14 Three months after the state budget was California facesa $24 billion deficit. Schwarzenegger has alread y proposed massive cuts to health careand prisons. Now he’s looking for structuralp reform to make government more efficient and stretcbhtaxpayer dollars. He’s asked the State Board of for example, to make textbooks available in digital formats — a move that could save In 2004, the governor talked aboug blowing up boxes and consolidating but the initiatives never gained They’re back.
Schwarzenegger is proposing once again to eliminate and consolidater more than a dozenstate departments, boards and commissions. This includes the Waste Management the CourtReporters Board, the Department of Boatingv and Waterways and the Inspection and Maintenance Review Earlier this year, the state begahn consolidating information technology departments. Now Schwarzenegger wantes to consolidate departments that oversee financial institutions and mergee taxcollection operations. In July, state leaders will receiv recommendations on how to moderniz thetax code.
“This will be a tremendoue opportunity to make our revenues more reliabled and less volatile and help the state avoide the boom and bust budget s that have brought ushere today,” Schwarzeneggee told lawmakers. It’s not goingb to happen in 14 days, he said. But it couled happen before the Legislature adjournss for summer recess onJuly 17.