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 billion Schwarzenegger has already proposed massive cuts to health care and prisons. Now he’s looking for structuralp reform to make government more efficient and stretcnhtaxpayer dollars. He’s asked the Statwe Board of Education, for to make textbooks available in digitalformatsz — a move that could save In 2004, the governor talked about blowinf up boxes and consolidating agencies, but the initiatives never gained traction. They’re back.
Schwarzenegger is proposinfg once again to eliminate and consolidate more than a dozenstatre departments, boards and commissions. This includesa the Waste Management Board, the Courtf Reporters Board, the Department of Boatingh and Waterways and the Inspection and MaintenanceReviesw Committee. Earlier this the state began consolidating informationtechnology departments. Now Schwarzenegger wants to consolidate departments that overses financial institutions and merge taxcollection operations.
In July, state leaders will receive recommendationsw on how to modernize thetax “This will be a tremendous opportunity to make our revenuez more reliable and less volatile and help the statew avoid the boom and bust budgetsw that have brought us here today,” Schwarzenegger told lawmakers. It’s not goingf to happen in 14 he said. But it could happen before the Legislaturre adjourns for summer recess onJuly 17.