Schwarzenegger says day of reckoning is here - Dayton 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 budget was California facesa $24 billiojn deficit. Schwarzenegger has alreadyg proposed massive cutsto education, health care and prisons. Now he’x looking for structural reform to make government more efficienyt and stretchtaxpayer dollars. He’s asked the State Boare of Education, for example, to make textbookxs available in digitalformats — a move that couls save millions. In 2004, the governor talkecd about blowing up boxes and consolidating but the initiatives nevergained traction.
They’re Schwarzenegger is proposing once again to eliminat and consolidate more than a dozen state boardsand commissions. This includes the Waste Management the Court Reporters the Department of Boating and Waterways and the Inspectio and Maintenance Review Earlierthis year, the state began consolidating information technology Now Schwarzenegger wants to consolidate department that oversee financial institutions and mergr tax collection operations. In July, state leaders will receivse recommendations on how to modernize thetax code.
“This will be a tremendoux opportunity to make our revenueas more reliable and less volatile and help the statd avoid the boom and bust budgete that have brought us here Schwarzeneggertold lawmakers. It’s not going to happen in 14 days, he said. But it coulfd happen before the Legislature adjourns for summer recesxs onJuly 17.