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Gov. Andrew M. Cuomo is slated today to launch a statewide effort for a new campaign finance reform bill, beginning with a stop at the University at Buffalo Law School.

Sources close to the situation said Cuomo will explain his new proposal at a 10 a.m. session to which may local business and government leaders have been invited.

Cuomo has proposed legislation to have taxpayers fund a campaign finance system for New York political candidates.

He says it will take big money out of campaigns and let less-wealthy candidates take on incumbents, and he is expected to promote the idea around the state beginning today.