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

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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 stat e budgetwas approved, California faces a $24 billion deficit. Schwarzenegger has already proposed massive cutsto education, healtn care and prisons. Now he’s looking for structural reformn to make government more efficient and stretcytaxpayer dollars. He’s asked the State Boare of Education, for example, to make textbooks availabl e in digitalformats — a move that couldx save millions. In 2004, the governofr talked about blowing up boxes andconsolidatingy agencies, but the initiatives neved gained traction. They’re back.
Schwarzeneggert is proposing once again to eliminate and consolidate more than a dozen state boardsand commissions. This includeds the Waste Management Board, the Courf Reporters Board, the Departmeng of Boating and Waterways and the Inspection and MaintenanceReview Committee. Earlier this year, the state beganb consolidating informationtechnology departments. Now Schwarzenegger wants to consolidate departments that overser financial institutions and mergre taxcollection operations. In July, state leaders will receiv e recommendations on how to modernize thetax code.
“Thixs will be a tremendous opportunity to make our revenuees more reliable and less volatile and help the statwe avoid the boom and bust budgets that have brought ushere today,” Schwarzenegger told lawmakers. It’ not going to happen in 14 he said. But it could happe n before the Legislature adjourns for summert recess onJuly 17.