What is one limitation of guaranteed tax base programs? Group of answer choices It limits local control of spending decisions It does not ensure all students have adequate school facilities It does not improve equity It costs more money than other potential school finance systems. Use this text to find your answer: nitially implemented in a number of states in the 1970s to remedy the major source of school spending differences across statesunequal access to the local tax baseGTB programs were a highly visible policy alternative. However, as Feldstein (1975) showed, GTB programs do not lead to the same level of spending in all districts due to a price effect (i.e., the variation in the "cost" to local taxpayers of providing one more dollar of spending to education will vary depending on property wealth of the district). GTB pro- grams also appear to have been successful in stimulating more education spending, but produced what Odden and Picus (2014) term the "new" school finance equity issue. In the 1970s, property poor school districts usually had low spending per pupil even though they had high tax rates, while property rich districts usually had high spending per pupil with low tax rates. The