Former Citigroup executive Ray McGuire throws his hat in the ring for the New York City mayor’s race Photos: AP images Ray McGuire may not be a household name in New York, but the edge he holds over the dozen or so other candidates for mayor is paved with green, lots of it. At a time when the city’s business class worries about the post-pandemic reopening, he is the only one of those vying for the Democratic nomination to offer a vision without raising taxes. McGuire, 63, stepped down from his position as vice chairman at banking giant Citigroup, a job he held for 15 years, to enter public service for the first time. He has raised millions of dollars, eschewing the city’s generous matching funds program that gives $8 for every dollar in small donations raised. This speaks to the apprehension of his backers, who worry that the next mayor will make it harder for them to operate.