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right to exist. But we have shared our concerns with what a national charter school advocate called the "Wild, Wild West" scenario in Ohio due to its loose rules and poor oversight. In a state -by -state analysis completed earlier this month, the National Alliance for Public Charter Schools recommended that Ohio, quote: "Change its law to further strengthen accountability policies by improving the charter school approval process, charter school oversight, and the charter school renewal and closure process. We also encourage the state to ensure that authorizers are closing chronically low- performing charters." Here's a snapshot of how North Olmsted has been impacted by the charter school system in Ohio. North Olmsted received $1,643 dollars per student in basic state aid last year. However, each time a student left the NOCSD to attend a charter school, $7,180 was transferred from our district to that school. Therefore, the district lost $5,537 public tax dollars to private operators each time a student transferred. Keep in mind, there is no longer any oversight of the public's money from representatives elected by the public when this happens. Last year, 88 students left the NOCSD to attend one of 21 charter schools. Compared to North Olmsted's composite Performance Index grade of B, the breakdown of these 21 charter schools is as follows: • 1 had a grade of A • 1 had a grade of B • There were 7 C's, 6 D's and 1 F • 5 didn't even bother to report results The Insight School of Ohio is one of the charter schools North Olmsted students attended. This is an online school owned by K -12 Inc., which also owns the online school called Ohio Virtual Academy. K -12 Inc. opened the Insight School after the NCAA refused to accept credits from Ohio Virtual Academy due to its poor academic performance. The 4 -year graduation rate from OVA is 34 %. There is no graduation rate posted yet for the Insight School of Ohio, but the 4 -year graduation rate for the Insight School of Minnesota is 17 %. North Olmsted's 4 -year graduation rate is approximately 93 %. Several students attended the Alternative Education Academy, which posted a Performance Index grade of D. This school has a 4 -year graduation rate of 20.3% and is owned by White Hat Management. White Hat also operates a charter school called Life Skills of Northeast Ohio, which graduated 2 out of 155 students last year. Meanwhile, White Hat currently receives about 15 cents of every tax dollar spent on Ohio charters, and has cleared over 1- Billion dollars in profits since charter schools began operating here in 1999. The last example of charter school malfeasance is the Electronic Classroom of Tomorrow, or ECOT. Eighteen (18) North Olmsted students transferred to this D -rated school, taking nearly $120,000 in state aid with them. The founder and operator of ECOT also owns the company that provides management services to the charter school, and owns a separate company that provides the curriculum resources to