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Legislature Finally Passes Rent Control Law

By Newsradio 88 Staff

One lawmaker said it was like getting a root canal.

But late last night New York legislators finally passed a rent control law. Governor Pataki says he'll sign it, maybe as early as today.

Assembly Speaker Sheldon Silver, who fought to keep the rent rules in place, says this is a law he can live with.

The law will end rent protections for those making more than 175 thousand dollars a year, living in apartments that cost more than two thousand dollars a month.