I went into the
USDA Soil Maps for Urbana and while there is some areas where the water table is more than 80 inches, most of the soil types I looked at show the water table at 18-24 inches some even less than that. I would be interested if the OP could look and report his and neighbors soil types. The soil maps offer a lot of info on water retention, depth to restrictive features, what is below the surface, etc.
Looking at Google Earth you can see that man made ponds are a part of many of the newer subdivisions, apparently with the purpose of collecting rainwater and I guess accelerating evaporation. Looking at
climate data you can see that January - April this year there has been something like 5 inches of excess rainfall from norms, Jan: 3.85 inch (normal: 2.05 inch) Feb: 1.9 inch rain, (normal: 2.13 inch), Mar: 5.09 inch (normal: 2.87 inch), Apr: 4.89 inch (normal: 3.66 inch). I have not found data for May-June which gets almost 5-4 inches year respectively. Add to the above snowfall totals for the period of around 13 inches to the 15 or so inches of rainfall compared 7.6 inches snow and less than 10 inches rain for the same period in 2018).
In the NE we are seeing similar excesses of rainfall and we are dealing with water getting into our rubble stone foundation and are taking measures to improve grading around the house and add gutters to an addition that does not have them. Fortunately our water table is at 20-25 foot down in sand, so we should be able to dry out the basement ultimately and take further measures such as installing a vapor barrier.
The big mystery is why a basement in an area with such a high water table...it stretches credulity.