Il update 2025

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High Taxes in Illinois: A Major Financial Burden One of the most commonly cited reasons for people leaving Illinois is the states high tax burden. Illinois residents face some of the highest property taxes in the country, coupled with a state income tax that adds additional financial strain.
Illinois is one of 13 states that does not place a term limit for governor. The 43rd and current governor is JB Pritzker, a Democrat who took office on January 14, 2019.
Its fortune started in the 20th century, particularly through the expansion of the Hyatt Hotels Corporation by Jay Pritzker. Family members still largely own Hyatt and prior to its sale to Berkshire Hathaway, the Marmon Group, a conglomerate of manufacturing and industrial service companies.