SB-81 passes. Governor Brown is expected to sign it.

From The Sacramento Bee:
"In Tuesday's hearing, Republicans and Democrats representing rural areas joined together to lobby for SB 81, which only applies for the remainder of this school year. The bus cut was triggered when state forecasters determined last month that California would fall $2.2 billion short of a $4 billion tax revenue bump that Brown and lawmakers assumed in the 2011-12 state budget.

"It's a catastrophic problem in my district and in many other rural parts of California," said Assemblyman Wesley Chesbro, D-Arcata, who represents the North Coast area. "Eliminating the school bus system creates dangerous situations for many children in California, but for my district it means it would be impossible for many children, if not most children in some districts, to attend school at all."

The cut would have hit some rural districts particularly hard. According to data compiled by the California School Boards Association, the isolated Death Valley Unified School District would lose $1,734 per student this spring. Meanwhile, many suburban districts would lose less than $10 per student.

Read more here: http://blogs.sacbee.com/capitolalertlatest/2012/01/jerry-brown-lawmakers-back-bill-protecting-california-school-bus-money.html#storylink=cpy