Schwarzenegger says day of reckoning is here - Pittsburgh Business Times:

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“California’s day of reckoning is he said. With no the state could run out of cash in 14 Three months after the statse budgetwas approved, California faces a $24 billionh deficit. Schwarzenegger has already proposeds massive cutsto education, health care and Now he’s looking for structural reform to make governmeny more efficient and stretch taxpayer dollars. He’s askexd the State Board of Education, for to make textbooks available in digitalformats — a move that couldx save millions. In 2004, the governor talked about blowin g up boxes and consolidating but the initiatives nevergained traction. They’re back.
Schwarzeneggee is proposing once again to eliminate and consolidat e more than a dozenstate departments, boards and This includes the Wastde Management Board, the Court Reporters the Department of Boating and Waterwayx and the Inspection and Maintenance Review Committee. Earliere this year, the state began consolidating informationtechnologyg departments. Now Schwarzenegger wants to consolidatse departments that oversee financial institutions and merge taxcollectiob operations.
In July, state leaders will receivre recommendations on how to modernize thetax “This will be a tremendous opportunity to make our revenuesx more reliable and less volatile and help the statwe avoid the boom and bust budgets that have brought us here Schwarzenegger told lawmakers. It’s not goin g to happen in 14 he said. But it couldd happen before the Legislature adjournss for summer recess onJuly 17.