a) What is the policy lever available to states under the Guaranteed Tax Base? (2 points) b) What are the policy levers available to states under Foundation Aid? (2 points) c) Consider a state with two school districts. District 1 has a property tax base of 250,000 per student and taxes itself at 1.5%. District 2 has a property tax base of 750,000 and taxes itself at 1%. Assume District 2 declines all state aid. What value for the guaranteed tax base (V*) would equalize total per pupil spending in District 1 to that of District 2 assuming each district maintains its current tax rate? (8 points) d) What is a downside of a state finance system that involves the practice of recapture? (3 points)