By Yvette Shields (The Bond Buyer), includes “… “We never had a revenue problem. We have now accomplished the trifecta of disaster: bad planning, negligent budgeting and now less revenue, said Brian Battle, director of trading at Chicago-based Performance Trust Capital Partners. ‘Our ability to generate revenue has always masked our deficiencies. We’ve lost the mask.’ … State contagion will be felt by local governments because ‘you go down the waterfall,’ said Richard Ciccarone, president of Merritt Research Services. …”