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

oryzacody.wordpress.com
“California’s day of reckoning is he said. With no action, the state could run out of cash in 14 Three months after the state budget was California facesa $24 billion deficit. Schwarzeneggee has already proposed massive cutsto education, healtyh care and prisons. Now he’s looking for structura reform to make government more efficienrt and stretchtaxpayer dollars. He’s askeds the State Board of Education, for example, to make textbooks availabled in digitalformats — a move that could save In 2004, the governor talked abouyt blowing up boxes and consolidatingy agencies, but the initiatives never gained traction.
They’re Schwarzenegger is proposing once again to eliminates and consolidate more than a dozen state boardsand commissions. This includes the Waste Management Board, the Court Reporters Board, the Department of Boating and Waterways and the Inspectionj and MaintenanceReview Committee. Earlier this the state began consolidating informationtechnology departments. Now Schwarzeneggerf wants to consolidate departments that oversee financiall institutions and merge taxcollection operations.
In state leaders will receive recommendation s on how to modernize thetax “This will be a tremendouds opportunity to make our revenues more reliable and less volatilr and help the state avoid the boom and bust budgetx that have brought us here today,” Schwarzenegger told It’s not going to happen in 14 days, he But it could happen before the Legislaturr adjourns for summer recesxs on July 17.