CHICAGO (CBS) — Republican State Sen. Bill Brady formally announced his candidacy for Governor on Wednesday aiming for a possible rematch with Democratic Gov. Pat Quinn, who defeated Brady in 2010.

WBBM Newsradio Political Editor Craig Dellimore reports Brady said lower taxes and curbing state spending would be the cornerstones of his campaign.

Brady also said Quinn has failed to deliver for the state of Illinois, and they know it.

However, to challenge Quinn head-to-head, Brady must first get through the GOP primary again, which will include multi-millionaire venture capitalist Bruce Rauner, who has a huge campaign warchest.

Brady shrugged off Rauner’s funding advantage.

“It’s a lot of money. I don’t think there’s any question that Bruce Rauner can spend his personal wealth, and outspend any candidate, but money doesn’t win elections, votes do,” Brady said. “You earn votes by getting to know the people.”

Brady said he got to know Illinois voters in 2010, when he lost to Quinn by less than 1 percent of the nearly 4 million votes cast.

In addition to Rauner, Brady likely will face fellow state Sen. Kirk Dillard (R-Hinsdale) and State Treasurer Dan Rutherford in the Republican primary.

On the Democratic side, Quinn has said he’ll run for another term, former White House chief of staff Bill Brady has said he plans to run, and Illinois Attorney General Lisa Madigan also is weighing a bid for governor.

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