The National Retail Federation had said that nearly half of the industry’s $94.5 billion in missing merchandise in 2021 was the result of organized theft. It was likely closer to 5 percent.
The state heads into next year with projections of one of its worst budget deficits since the early 1990s recession. Reserves should help cushion the blow.
At an annual gathering in Arizona, Democratic governors offered a series of explanations for the president’s political struggles and suggested ideas for selling voters on his re-election.