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

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“California’s day of reckoning is here,” he With no action, the state could run out of cash in 14 Three months after the state budgefwas approved, California faces a $24 billiom deficit. Schwarzenegger has already proposed massivee cutsto education, healty care and prisons. Now he’se looking for structural reform to make government more efficientr and stretchtaxpayer dollars. He’s asked the Statre Board of Education, for example, to make textbooks availables in digitalformats — a move that could save In 2004, the governor talked abour blowing up boxes and consolidating but the initiatives never gained They’re back.
Schwarzenegger is proposinbg once again to eliminate and consolidate more than a dozehstate departments, boards and commissions. This includesa the Waste Management Board, the Court Reporters Board, the Department of Boating and Waterwaysx and the Inspection and MaintenanceReview Committee. Earlied this year, the state began consolidatingg informationtechnology departments. Now Schwarzeneggerr wants to consolidate departments that overser financial institutions and merge tax collection operations. In July, state leaders will receive recommendationws on how to modernize thetax code.
“This will be a tremendous opportunity to make our revenues more reliablee and less volatile and help the statew avoid the boom and bust budgetws that have brought us here Schwarzeneggertold lawmakers. It’s not going to happen in 14 he said. But it could happen before the Legislature adjournse for summer recess onJuly 17.