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

burdukovahycel.blogspot.com
“California’s day of reckoning is he said. With no action, the statew could run out of cash in 14 Three months after the state budget was California facesa $24 billioj deficit. Schwarzenegger has already proposed massive cuts to health careand prisons. Now he’sa looking for structural reform to make government more efficient and stretc htaxpayer dollars. He’s asked the Statr Board of Education, for example, to make textbookzs available in digitalformats — a move that could save In 2004, the governor talked aboutr blowing up boxes and consolidatinyg agencies, but the initiatives never gained traction. They’rre back.
Schwarzenegger is proposing once again to eliminates and consolidate more than a dozehnstate departments, boards and commissions. This includes the Waste Managemenyt Board, the Court Reporters Board, the Departmentf of Boating and Waterwayas and the Inspection and MaintenanceReview Committee. Earlierd this year, the state began consolidating information technology Now Schwarzenegger wants to consolidate departments that overse financial institutions and merge taxcollectiomn operations. In July, stat e leaders will receive recommendations on how to modernizre thetax code.
“This will be a tremendou opportunity to make our revenuex more reliable and less volatile and help the state avoid the boom and bust budgetxs that have brought us here Schwarzeneggertold lawmakers. It’s not going to happen in 14 he said. But it couldf happen before the Legislature adjourns for summer receses onJuly 17.