The superintendent of Trinidad School District was placed on paid administrative leave after a school board meeting on Friday, November 15.
Dr. Manuel Rodriguez was escorted by police from the meeting after the announcement was made.
The secretary of the board, Jack Vallejos, called the special meeting into session.
Parents and family members of students packed into seats in the meeting hall to hear the decision.
George Dasko, a retired teacher and former board member, will serve as interim superintendent.
Sources told KRDO a parent's group has been disastisfied with the way Rodriguez handled finances.
In 2012, a group of parents calling itself "The Concerned Parents and Community of Trinidad," led a "no confidence" petition drive against the Superintendent.