From Gov. Arnold Schwarzenegger's office today:
Governor Arnold Schwarzenegger today announced the Department of General Services (DGS) has saved the state $27 million on commercial leasing rates through a targeted effort to renegotiate the terms on 1,200 of the state's commercial leases. DGS estimates that its efforts will eventually achieve $80 to $100 million in savings over the life of the leases.
"In these economic times, state government has to run as efficiently as possible to be able to continue providing critical programs and services to the people of California," said Governor Schwarzenegger. "Today's announcement means that the state is saving real dollars that can be directed to other vital areas. My Administration will continue to tighten its belt and cut costs just like every other California family and business is doing."
Click here to read the entire press release.