The HI covers the district's budget reduction process here. I have to say the process has been outstandingly well run, with a careful process design and excellent collaboration and information provided by the administrative team. If you want to see the ranked list of proposed reduction you can find it here.
As it stands we need to cut $1.2M. A line drawn through the chart at that point falls just above the 4th grade string program. But don't cheer about that - its hard to see much of the rest of the list surviving next year if things don't change.
The top of the list starts with "easy" things, including reductions in transportation and custodial services, administrative and infrastructure spending, but quickly moves on to support staff reductions and teacher workload increases. Teachers are going to have significantly less time to provide the individual attention that is key to reaching many students.
Regardless of how the details of the final result the district will be losing things of significant value.