The New York Legislature is poised to pass a bill that would overcome an obstacle that has prevented tax increment financing from being widely used in the state. The Senate unanimously passed the bill yesterday while the Assembly was making modifications to it.

"We will get this done in both houses by the end of the session," Assemblyman Sam Hoyt, D-Buffalo, chairman of the Assembly committee on local governments, said. "I'm a strong advocate of TIFs."

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