Peace Wapiti's Deficit - Who's fault is it?

In the Notification of Consideration of Closure of Valhalla School it clearly states on page 19 under Financial Impact #5:

Estimated deficit for PWSD in 2007/2008 of $280,000 would have been reduced to $90,000 if Valhalla School had been closed.

This is very interesting because on Dec. 14, 2007 the Daily Herald-Tribune ran a story Blame Bussing where it states:

Transportation is the core cause of the $287,460 deficit reported by the district with the submission of its updated budget for the 2007-2008 school year.

One story in December and a different one in February.

I wonder where the truth is?