Los Angeles Grade School for Gifted Kids to Borrow $32 Million
Bloomberg 2026-07-09 12:40:24
Context: The John Marshall Fundamental School, a grade school for gifted children in Los Angeles, is planning to issue $32 million in municipal bonds. The school, which has strict admission requirements, including an IQ score of 138 or higher, aims to utilize the funds for its operations and facilities. The bond sale is set to take place on Thursday.
Key Facts
- The John Marshall Fundamental School requires applicants to have a minimum IQ score of 138 to be eligible for admission, making it a highly selective institution.
- The school is planning to sell $32 million of municipal bonds on Thursday, a significant financial move to support its operations and facilities.
- The bond sale is a critical step for the school to secure necessary funding, as it continues to provide educational services to gifted students in the Los Angeles area.