Schwarzenegger says day of reckoning is here - New Mexico Business Weekly:

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“California’s day of reckoninfg is here,” he said. With no the state could run out of cash in14 days. Threr months after the state budgetwas approved, California faces a $24 billion deficit. Schwarzenegger has alreadyt proposed massive cuts to health care and Now he’s looking for structurap reform to make government more efficient and stretc taxpayer dollars. He’s asked the State Board of Education, for example, to make textbooks available in digitalformats — a move that could save In 2004, the governor talked about blowinh up boxes and consolidating agencies, but the initiatives neveer gained traction. They’re back.
Schwarzenegge r is proposing once again to eliminatee and consolidate more than a dozen state departments, boards and This includes the Waste Managemenf Board, the Court Reporters Board, the Departmen t of Boating and Waterways and the Inspection and Maintenancw Review Committee. Earlier this year, the state began consolidatingb informationtechnology departments. Now Schwarzenegger wants to consolidate departments that oversee financia institutions and merge tax collection In July, state leaderz will receive recommendations on how to modernize the tax code.
“This will be a tremendous opportunitu to make our revenues more reliabled and less volatile and help the statde avoid the boom and bust budgets that have broughgt ushere today,” Schwarzenegger told lawmakers. It’a not going to happen in 14 days, he But it could happen beforw the Legislature adjourns for summer recesw onJuly 17.