Gov. Kathy Hochul rolled out the details of a $40 million package with measures like retail-focused anti-theft teams and penalties for assaulting retail workers to tackle rising retail theft. The plan includes a $5 million tax credit for small business owners to invest in security measures.
Hochul emphasized protecting shop owners and workers, with a focus on organized retail theft following a surge in larceny offenses over the past six years. $40.2 million will fund retail theft teams with NYS Police personnel dedicated to fighting organized retail theft.
The legislation increases penalties for assaulting retail workers from misdemeanors to felonies and allows prosecutors to aggregate stolen goods' value for larceny charges. Hochul aims to provide peace of mind and security for businesses and workers.
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