Schwarzenegger says day of reckoning is here - Atlanta Business Chronicle:

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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 approved, California faces a $24 billion deficit. Schwarzenegge has already proposed massive cuts to health careand prisons. Now he’s looking for structural reforn to make government more efficient and stretchtaxpayed dollars. He’s asked the State Board of Education, for to make textbooks available in digitalformats — a move that could save millions. In 2004, the governor talked about blowinhg up boxes andconsolidating agencies, but the initiatives nevert gained traction. They’re back.
Schwarzeneggere is proposing once again to eliminate and consolidatew more than a dozen state boardsand commissions. This includes the Wastse Management Board, the Court Reporters Board, the Department of Boating and Waterway s and the Inspection and Maintenance Review Earlierthis year, the state began consolidatinbg information technology departments. Now Schwarzenegger want s to consolidate departments that oversee financialp institutions and merge taxcollectiojn operations.
In July, state leaders will receive recommendations on how to modernize thetax “This will be a tremendouds opportunity to make our revenues more reliable and less volatile and help the statre avoid the boom and bust budgets that have brought us here today,” Schwarzenegger told lawmakers. It’s not goinh to happen in 14 days, he said. But it coulds happen before the Legislature adjourns for summer receses onJuly 17.