Illinois is set to usher in significant changes with the new year, as nearly 300 new state laws take effect on January 1, 2025. Among these, notable policy changes include the introduction of digital driver's licenses and state IDs, salary transparency in job postings, and a ban on "junk" health insurance[1].

In the realm of business and economy, Illinois businesses faced a challenging year in 2024, marked by closures and layoffs, including TrueValue's bankruptcy and Amazon's closure of a facility. The number of businesses operating in Chicago fell to 29,425, the lowest in a decade, with a 20% decline since 2014[2].

On the environmental front, September 2024 saw below-normal rainfall across central and southeast Illinois, exacerbating drought conditions. Peoria experienced its 4th driest September on record, while Lincoln had its 8th driest[3].

In community news, a new commission will be established on January 1 to evaluate Illinois' property tax system, despite some critics labeling it a waste of time[5]. Additionally, recyclable metal dealers will be required to keep more detailed records before accepting catalytic converters, aiming to curb theft[5].

Looking Ahead:
- The state's minimum wage will rise to $15, completing a ramp-up initiated in 2019[1].
- The new laws taking effect in 2025 will continue to shape various aspects of life in Illinois, from employment to public safety.
- The commission on property tax reform will begin its work, potentially leading to significant changes in the state's tax system.
- Illinois residents and businesses will need to adapt to these changes, which are aimed at improving the state's business environment and fostering growth and stability.

This content was created in partnership and with the help of Artificial Intelligence AI