Chicago’s $1.8B property tax hike looms as Illinois health insurance costs surge 78%

A financial double blow hits Illinois: skyrocketing insurance rates and a historic tax burden. But first, a tribute to Marine Corps heroes.

, and Administrator

2025 November 9 . 9:14 PM

1 min read

In the picture there is a car and below the car some quotations are mentioned and it is an edited... — In the picture there is a car and below the car some quotations are mentioned and it is an edited image.

Chicago’s $1.8B property tax hike looms as Illinois health insurance costs surge 78%

Chicago's budget director has proposed a significant property tax levy of over $1.8 billion. Meanwhile, Illinoisans can expect substantial changes in health coverage costs and a notable anniversary celebration.

The proposed property tax levy, if approved, will see Chicago residents paying more than $1.8 billion. This increase comes as part of the city's budget plans for the upcoming fiscal year. In other news, Illinoisans enrolling in state-based health coverage should brace for a significant hike in monthly premiums. Starting in 2026, the average increase is expected to be around 78%. This substantial rise is set to impact nearly 466,000 Illinoisans who purchased health insurance through Get Covered Illinois during the 2024 open enrollment period, a figure that marked a 17% increase from the previous year.

On a brighter note, Illinois is gearing up to commemorate a significant milestone. The state will celebrate the 250th anniversary of the U.S. Marine Corps on Monday, Nov. 10. The Illinois Department of Veterans Affairs will host a ceremony to honour the founding of the U.S. Marine Corps in 1775 and to pay tribute to the contributions of Marine veterans. This event is a continuation of the celebrations held on the same date last year.

Chicago's budget proposal brings a substantial property tax levy, while Illinoisans face a significant increase in health insurance costs. Despite these changes, the state looks forward to celebrating the 250th anniversary of the U.S. Marine Corps, honouring the service and sacrifice of its veterans.