The past 35 years in California have seen significant changes in the fiscal relationship between state and local government. This time line highlights the major events that have altered the state-local fiscal relationship since 1972. The milestones illustrate a number of key themes that have emerged over the past quarter century. (For older versions of Acrobat Reader, adjustment may be needed in the Page Scale field of Print Settings in order to print on 8.5" X 11" paper.)