A recommendation to close the campus is expected to go to the district's Board of Education at its March 5 meeting, Martinez said.
If school board members approve the closure the approximately 300 member student body would be transferred to nearby Kingsley Elementary or Allison Elementary schools, he said. Parents would also have the option of entering a drawing for seats in other district schools with available spots.
The closure would help the district close a $6.05 million budget deficit it faces for the 2013-2014 budget.
Parents said the closure would be disruptive for students taking them away from the close-knit campus to what will be larger schools.
In addition, getting children to the other schools would be difficult since many parents lack transportation and walk their children to school, they said.