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

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“California’s day of reckoning is here,” he With no action, the statd could run out of cash in14 days. Thred months after the state budget was California facesa $24 billion Schwarzenegger has already proposed massive cuts to health care and prisons. Now he’sx looking for structural reform to make governmenf more efficient and stretchtaxpayer dollars. He’w asked the State Boare of Education, for example, to make textbooks availabler in digitalformats — a move that could save In 2004, the governor talked about blowing up boxes and consolidatingt agencies, but the initiatives neved gained traction. They’re back.
Schwarzenegger is proposinbg once again to eliminate and consolidate more than a dozen state departments, boards and commissions. This includes the Wastde Management Board, the Court Reporters the Department of Boatinb and Waterways and the Inspectiom and MaintenanceReview Committee. Earlier this the state began consolidating informationtechnologg departments. Now Schwarzenegger wants to consolidatew departments that oversee financial institutions and merge taxcollection operations.
In state leaders will receive recommendations on how to modernize thetax “This will be a tremendous opportunity to make our revenuesd more reliable and less volatile and help the statde avoid the boom and bust budgetxs that have brought us here today,” Schwarzenegger told It’s not going to happen in 14 days, he But it could happen before the Legislature adjourn s for summer recess on July 17.