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Question 1. (20 points) Most states use a foundation aid system to provide funds to school districts (Springer, Houck & Guthrie, 2014). Assume that a synthetic state, Ohio, establishes an education funding policy that sets basic per-pupil grants (F) at $11,000. The following formula is used to calculate the amount each district will receive. District Info G = F(1 + C) - [R*][V] G = per-pupil grant to district i F = basic per-pupil grant or foundation level C = cost index for district i R*= basic property tax rate set in the formula V = per-pupil property tax base in district i 1b) Using the appropriate information from the table above, calculate the amount of property tax revenue that Copeland School District and Stocker School District generates for its own education spending