Guaranteed Tax Base Formulas in School Finance: Can Equalization Be Achieved? Response to Reilly [7, no. 3, 1982].

Regarding shortcomings in guaranteed tax base (GTB) school aid formulas, especially difficulties in measuring district fiscal capacity, the authors cite Michigan data to argue that inequities resulting from measurements using property wealth can be mitigated by property tax relief, intrastate cost differentials, and a unique aspect of Michigan's GTB formula. (RW)