The board cut $12.5 million from the overall 2010-11 budget in March and plans to make final cuts if necessary during Tuesday's public meeting.
New budget projections will include pay cuts for management staff and employees other than teachers, two groups who have agreed to pay cuts to help save jobs in the district.
The three-year budget projection shows the district spending more money than it takes in by 2012-13, which means the board will need to make more cuts down the road to help balance the budget.
District employees have said that the projected deficit needs to be addressed by December 2011.
The board will also discuss appointing a new trustee to replace Tom Hawkins, whose resignation becomes effective July 1.
The Tracy Unified School District board of trustees will meet at 7 p.m. Tuesday at the District Education Center, 1875 W. Lowell Ave.