The Ohio Supreme Court ruled this week that all assets purchased by ten Ohio charter schools belongs to their former operator, White Hat Management. The schools all terminated their contracts with White Hat, which then demanded payment for facilities and equipment if the school wanted to keep the property. According to the contracts each school signed with the management company, public money was used to purchase all of the equipment, but it all belongs to White Hat.So, the schools would have to use additional public money to purchase the assets back. While the court acknowledged that the contract should never have been signed in the first place, they wrote that “We leave it to the General Assembly to determine whether public policy requires stiffening of the regulatory scheme governing these matters.” Sounds like it’s time for a major overhaul of charter school law in Ohio.