DALLAS — New Orleans is a great city whose municipal finances are in shambles, Mayor Mitch Landrieu said Thursday in his first state of the city address since taking office in early May.

The city is facing a $67 million gap in 2010, Landrieu said, which must be resolved by the end of the year. He outlined $30 million in savings through cuts, layoffs, and minor revenue measures, but warned that other actions will be needed.

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