June 12, 2015 / Modified oct 25, 2016 4:42 p.m.

What's City Bond Rate Downgrade Mean?

Higher interest rates on Tucson borrowing for infrastructure, other capital projects.

Friday Business Report

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The Friday Business Report with AZPM's Zac Ziegler and Inside Tucson Business Editor David Rupkalvis takes a look at how the recent downgrading of the City of Tucson's bond rating could affect how business is done by the city.

"What they're saying is that your debt that we see coming in over the next 10, 15, 20 years is going to be greater than what we anticipate your tax revenue will be," Rupkalvis said.

Also, a major residential development in Benson may have hit an environmental roadblock.

The Tucson Audubon Society and the Huachuca Audubon Society are asking the Army Corps of Engineers to reassess a clean water permit for the project. The groups say the Villages at Vigneto would adversely impact the water in the nearby San Pedro River and the wildlife that relies on it.

Want more business news? Follow AZPM's Zac Ziegler on Twitter.

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