It is a start.

In an unprecedented move, Israel has announced that it is prepared to recognize Reform and Conservative community leaders as rabbis and fund their salaries.

Rabbis belonging to either stream will be classified as "rabbis of non-Orthodox communities." The attorney general advised the High Court that the state will begin equally financing non-Orthodox rabbis in regional councils and farming communities that are interested in doing so...

In negotiations held out of court, the state agreed to recognize the non-Orthodox rabbis, but refused to recognize their rabbinates. The State offered to call them "community leaders." About three weeks ago, the panel of judges led by Supreme Court Justice Elyakim Rubinstein requested the intervention of Attorney General Yehuda Weinstein, who agreed to recognize the terminology "rabbi of a non-Orthodox community."...

The decision is currently limited to regional councils and farming communities, and does not extend to large cities. It was also written that those listed under the new title will not have any authority over religious and halakhic matters. So far, the State has committed to financially supporting 15 non-Orthodox rabbis. The Supreme Court is supposed to present a decision on the petition soon...
source: http://www.haaretz.com/jewish-world/...abbis-1.433171