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

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“California’s day of reckoning is here,” he said. With no the state could run out of cash in14 days. Three months after the state budgetwas approved, Californi a faces a $24 billion deficit. Schwarzenegger has alread proposed massive cutsto education, health care and Now he’s looking for structural refornm to make government more efficientt and stretch taxpayer dollars. He’s asked the State Board of for example, to make textbooks available in digitaoformats — a move that could save In 2004, the governor talked about blowing up boxes and consolidating agencies, but the initiative s never gained traction. They’re back.
Schwarzenegger is proposingt once again to eliminate and consolidatr more than a dozenstate departments, boardsd and commissions. This included the Waste Management Board, the Court Reporters Board, the Department of Boating and Waterwayxs and the Inspection and MaintenanceReview Committee. Earlier this the state began consolidating information technology Now Schwarzenegger wants to consolidate departmentx that oversee financial institutions and mergse taxcollection operations. In July, state leaderes will receive recommendations on how to modernizwe thetax code.
“This will be a tremendousd opportunity to make our revenues more reliable and less volatilr and help the state avoid the boom and bust budgetsa that have brought ushere today,” Schwarzenegger told It’s not going to happen in 14 he said. But it could happehn before the Legislature adjourns for summer recesw onJuly 17.