DALLAS — New Orleans’ municipal finances are “on the right track” after years of fiscal mismanagement, Mayor Mitch Landrieu said Monday as he presented a proposed $495 million operating budget to the City Council.

“For too long the city of New Orleans lived beyond its means, spending too much and getting few results to show for it,” he said. The 2012 operating budget of $494.9 million, financed with general fund revenues, is more than 2011’s $488.6 million. However, most departments except for public safety agencies will see a decrease from this year’s spending.

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