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

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“California’s day of reckoning is here,” he With no action, the stat could run out of cash in 14 Three months after the state budget was approved, California faces a $24 billion deficit. Schwarzenegge has already proposed massive cutsto education, health care and Now he’s looking for structural reform to make government more efficient and stretch taxpayer dollars. He’sd asked the State Board of Education, for example, to make textbooks available in digitalpformats — a move that could save In 2004, the governor talked about blowinvg up boxes and consolidating agencies, but the initiatives nevert gained traction. They’re back.
Schwarzenegger is proposing once againb to eliminate and consolidate more than a dozenstat departments, boards and This includes the Waste Managemeny Board, the Court Reporters the Department of Boating and Waterways and the Inspectiojn and Maintenance Review Committee. Earlieer this year, the state began consolidating informationntechnology departments. Now Schwarzenegger wants to consolidate departmentas that oversee financial institutions and mergde taxcollection operations.
In July, state leadersd will receive recommendations on how to modernize thetax “This will be a tremendous opportunith to make our revenues more reliable and less volatile and help the state avoid the boom and bust budgets that have brought us here today,” Schwarzenegger told It’s not going to happe n in 14 days, he said. But it coulxd happen before the Legislature adjourns for summerf recess onJuly 17.