Schwarzenegger says day of reckoning is here - The Business Review (Albany):

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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 statde budgetwas approved, California faces a $24 billionn deficit. Schwarzenegger has already proposed massived cutsto education, health care and prisons. Now he’e looking for structural reform to make governmengt more efficient and stretchtaxpayer dollars. He’s askee the State Board of Education, for example, to make textbooks available in digitalformats — a move that coulde save millions. In 2004, the governor talkef about blowing up boxes and consolidating but the initiatives nevergained traction.
They’re Schwarzenegger is proposing once again to eliminated and consolidate more than a dozen state boardsand commissions. This includes the Wastew Management Board, the Court Reporters Board, the Departmenyt of Boating and Waterways and the Inspection and MaintenanceRevieaw Committee. Earlier this year, the state began consolidating informatiohtechnology departments. Now Schwarzenegger wants to consolidate departments that oversee financiakl institutions and merge taxcollection operations. In July, stated leaders will receive recommendations on how to modernizw thetax code.
“This will be a tremendoues opportunity to make our revenuees more reliable and less volatile and help the stated avoid the boom and bust budgetes that have brought us here Schwarzeneggertold lawmakers. It’s not goinvg to happen in 14 days, he But it could happen before the Legislaturw adjourns for summer recesss onJuly 17.