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Alexi Giannoulias is a well-known figure in Illinois politics. Think of him like a seasoned player who has been in the game for a long time. Here is his political journey in simple terms:
On Sunday, Giannoulias will make it official: he is running for Mayor of Chicago.
He plans to announce his candidacy at a union hall on Chicago’s South Side. He told NBC Chicago’s Mary Ann Ahern that this was "the toughest career choice I’ve ever made in my life, bar none."
IMPORTANT POINT
He is running for two big jobs at once. Giannoulias is currently campaigning to keep his job as Secretary of State in November 2026. Now, he is also jumping into the race for Mayor, which will be decided in February 2027.
Giannoulias says his love for Chicago is the main reason. He wants his daughters to grow up proud of their city. His main pitch to voters is simple: "Judge me on my record."
He points to his current job as proof he can handle City Hall:
If elected Mayor, his top goal is economic growth. He dropped a shocking statistic:
"The city of Chicago is ranked dead last out of the top 25 metro areas in the country for economic growth, and that’s unacceptable."
He wants to convince businesses to move back to Chicago and invest heavily in the region.
Giannoulias enters the race with a massive war chest. He has banked over $22 million to fund his campaign. In politics, money helps pay for TV ads, staff, and travel—giving him a huge head start over many opponents.
Giannoulias is far from alone. The race is shaping up to be very competitive. Here are the other major names who have declared or are preparing to run:
Current Mayor Brandon Johnson has not formally announced he is running for a second term yet, though he has started the paperwork (circulating petitions). His decision will change the dynamics of the race significantly.
Political insiders were surprised Giannoulias chose Mayor over a potential run for Governor (especially if current Gov. JB Pritzker runs for President).
Giannoulias shut down the idea that Mayor is a "stepping stone" to higher office:
"Is the mayor job a stepping stone? No, it’s the exact opposite of a stepping stone… I’d say this is probably a career-ender, but I love this city."
He admits the job is so hard it might end his political career, but he is willing to take that risk.
Here is the timeline you need to know:
Yes. In Illinois, you can run for re-election to your current office while simultaneously campaigning for a different office. If he wins the Mayor’s race in Feb 2027, he would resign as Secretary of State.
Think of it as the "DMV Boss." They oversee driver’s licenses, license plates, vehicle registrations, and also keep official state records (like business incorporations). Jesse White held the job for 24 years; Giannoulias took over in 2023.
Running for Mayor of a major city is expensive. TV ads alone cost millions. Having $22 million before the race really heats up means he can advertise early, hire the best staff, and weather attacks without going broke. Most opponents will start with far less.
Chicago uses a "Majority Wins" system. You need over 50% of the vote to win outright in February. With 8+ candidates, votes get split, making it very likely no one hits 50%. The top two vote-getters then face off one-on-one in April.
The Mayor of Chicago has one of the toughest jobs in America: managing a massive budget, crime, schools, pensions, and unions—all under a microscope. Many mayors leave office unpopular. Giannoulias is admitting he is risking his political future because he genuinely wants to fix the city.