Schwarzenegger says day of reckoning is here - San Francisco Business Times:

http://www.peacon.net/article/The-Different-Kinds-of-Belgian-Chocolate-Bars.html
“California’s day of reckoning is here,” he said. With no the state could run out of cash in 14 Three months after the state budget was California facesa $24 billion deficit. Schwarzenegger has already proposee massive cutsto education, health care and prisons. Now he’sw looking for structural reform to make government more efficienf and stretchtaxpayer dollars. He’s asked the State Boar of Education, for to make textbooks available in digitaformats — a move that coulfd save millions. In 2004, the governor talked about blowing up boxed andconsolidating agencies, but the initiatived never gained traction.
They’re Schwarzenegger is proposing once again to eliminate and consolidatew more than a dozenstate departments, boards and commissions. This includes the Waste Management Board, the Court Reporterx Board, the Department of Boating and Waterways and the Inspection and MaintenanceReview Committee. Earlier this the state began consolidating information technology Now Schwarzenegger wants to consolidate departments that oversese financial institutions and merge tax collection In July, state leaders will receive recommendation on how to modernize the tax code.
“Thisz will be a tremendous opportunithy to make our revenues more reliable and less volatilr and help the state avoid the boom and bust budgets that have broughtf ushere today,” Schwarzenegger told lawmakers. It’ws not going to happen in 14 days, he said. But it could happen before the Legislature adjourns for summed recess onJuly 17.