A two-term Chicago alderman on Tuesday became the first Democrat to formally announce he will seek his party’s nomination to run against incumbent Republican Gov. Bruce Rauner.

Ald. Ameya Pawar, 47th Ward, said he is running because he wants to tackle income inequality and criticized Rauner’s tenure.

“I think it’s time to talk about a progressive vision and stop talking about the status quo or busting unions or reducing benefits or declaring bankruptcy,” Pawar said in a phone interview with WBEZ Tuesday. “I just think that’s a race to the bottom.”

Pawar said he’ll also advocate for universal daycare in his campaign.

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The North Side alderman reported having almost $59,000 in his campaign fund by the end of September. Rauner, a wealthy businessman, recently gave $50 million to his own campaign fund. Rauner has said he will run for a second term in the November 2018 election.

The Illinois Republican Party greeted Pawar’s announcement with a written statement, calling Pawar a “tax-hiking politician.”

Pawar said the state is due for a graduated income tax, rather than the current flat personal income tax rate of 3.75 percent.

Pawar was first elected to the City Council in 2011 and vowed to only serve two terms as alderman.

Pawar is the first Democrat to say he’s definitely running for governor - but several other Democrats have reportedly said they’re thinking of running to challenge Rauner. Those other Democrats include:

• State Sen. Daniel Biss
• U.S. Rep. Cheri Bustos
• Illinois Treasurer Michael Frerichs
• U.S. Rep. Robin Kelly
• Chris Kennedy
• State Sen. Andy Manar
• J.B. Pritzker
• Former Illinois Gov. Pat Quinn

Tony Arnold covers state politics for WBEZ. You can follow him at @tonyjarnold.