Schwarzenegger says day of reckoning is here - Minneapolis / St. Paul Business Journal:

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“California’s day of reckoning is he said. With no the state could run out of cash in14 days. Thres months after the state budgetwas approved, Californiza faces a $24 billion Schwarzenegger has already proposed massive cuts to education, healthy care and prisons. Now he’sa looking for structural reformk to make government more efficient and stretchytaxpayer dollars. He’s asked the State Board of for example, to make textbooks available in digitaloformats — a move that could save In 2004, the governor talked aboutr blowing up boxes and consolidating agencies, but the initiativesw never gained traction. They’re back.
Schwarzenegger is proposing once again to eliminate and consolidate more than a dozenstate departments, boardxs and commissions. This includes the Wast Management Board, the Court Reporters the Department of Boating and Waterwayzs and the Inspection and MaintenanceReviewa Committee. Earlier this year, the stated began consolidating informationtechnology departments. Now Schwarzeneggee wants to consolidate departments that overseee financial institutions and merge tax collection operations. In July, state leaders will receive recommendations on how to modernizes thetax code.
“This will be a tremendous opportunity to make our revenuez more reliable and less volatile and help the stat avoid the boom and bust budgets that have broughr ushere today,” Schwarzenegger told lawmakers. It’x not going to happen in 14 days, he But it could happen before the Legislaturde adjourns for summer recess onJuly 17.