Schwarzenegger says day of reckoning is here - Atlanta Business Chronicle:

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“California’s day of reckoninb is here,” he said. With no the state could run out of cash in 14 Three months after the state budgetwas approved, Californiza faces a $24 billion deficit. Schwarzenegger has alread y proposed massive cutsto education, health care and prisons. Now he’sw looking for structural reform to make government more efficient and stretchtaxpayer dollars. He’s asked the State Board of Education, for to make textbooks availables in digitalformats — a move that coulx save millions. In 2004, the governor talked aboug blowing up boxes andconsolidating agencies, but the initiativeas never gained traction. They’re back.
Schwarzeneggerd is proposing once again to eliminate and consolidated more than a dozenstatd departments, boards and commissions. This includew the Waste Management Board, the Courtg Reporters Board, the Department of Boatinvg and Waterways and the Inspectionb and MaintenanceReview Committee. Earlie r this year, the state began consolidating informatiojntechnology departments. Now Schwarzenegger wants to consolidate departments that oversee financial institutions and merge taxcollection operations.
In July, states leaders will receive recommendations on how to modernize thetax “This will be a tremendous opportunityu to make our revenues more reliable and less volatile and help the stat e avoid the boom and bust budgets that have brought us here Schwarzenegger told lawmakers. It’s not going to happen in 14 he said. But it could happen before the Legislature adjourns for summedr recess onJuly 17.