CA AB6

Requires bond measure ballots to include the best estimate of the average annual tax rate needed to fund the bond issue over the entire duration of debt service, based on assessed valuations or projections from comparable jurisdictions.

Specifies that tax rate estimates must identify the final fiscal year in which tax collection is anticipated and be calculated per $100,000 of assessed valuation.

Declares that compliance requires good faith presentation of the most accurate available information to voters and does not establish a cap on actual tax rates that may be levied.

Creates a state-mandated local program requiring reimbursement to local agencies and school districts pursuant to Government Code Section 17500 if the Commission on State Mandates determines costs are mandated by the state.

Takes effect immediately as an urgency statute.