2012 Legislative Tear in Review

摘要

The past few years have not been the best tines for the Golden State. A grueling economy caused a painful setback for both the private and public sectors. Job and revenue losses forced many tough decisions at kitchen tables and in city council chambers and the state Legislature. But perhaps the worst is behind us. With foreclosure rates falling, revenues stabilizing and employment slowly improving, the state's economic decline has stopped, which provides a foundation for recovery.