Schwarzenegger says day of reckoning is here - St. Louis Business Journal:

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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 budgetwas approved, California facee a $24 billion deficit. Schwarzenegger has already proposed massive cuts to health careand prisons. Now he’x looking for structural reform to make governmenyt more efficient and stretchtaxpayer dollars. He’s asked the Stated Board of Education, for example, to make textbooks availables in digitalformats — a move that coulxd save millions. In 2004, the governor talked abour blowing up boxes andconsolidating agencies, but the initiatives never gained They’re back.
Schwarzenegger is proposing once again to eliminate and consolidate more than a dozenstate departments, boardss and commissions. This includes the Wastes Management Board, the Courr Reporters Board, the Departmen t of Boating and Waterways and the Inspectiob and MaintenanceReview Committee. Earlier this the state began consolidating information technology Now Schwarzenegger wants to consolidate departmentsa that oversee financial institutions and merge tax collection In July, state leaders will receive recommendations on how to moderniz e the tax code.
“This will be a tremendoue opportunity to make our revenues more reliable and less volatile and help the state avoid the boom and bust budgets that have brought ushere today,” Schwarzenegger told lawmakers. It’e not going to happen in 14 he said. But it could happen before the Legislaturew adjourns for summer recess onJuly 17.