(RTTNews) - California Governor Arnold Schwarzenegger declared a state of emergency in the state on Wednesday, calling a legislative special session in order to fix the state's budget crisis.

After the California legislature failed to pass a comprehensive solution to fix the state's entire $24.3 billion deficit before Wednesday, the start of the new fiscal year, Schwarzenegger proclaimed a fiscal emergency.

"Though the legislature failed to solve our budget problem yesterday, rest assured that solving the entire deficit remains my first and only priority," Schwarzenegger said in a statement. "I will not rest until we get it done. I will not be a part of pushing this crisis down the road--the road stops here."