After a long day of watching the vote totals shift and change in the state treasurer's race, First Selectman Tim Herbst has conceded defeat to incumbent State Treasurer Denise Nappier.

Herbst made the announcement at Trumbull Republican Headquarters Wednesday afternoon and he wrote on Twitter: "Campaigns are about putting ideas in action. I am proud of the effort we waged."

Herbst also told The Times he is grateful for support of people in his hometown.

"The people of Trumbull have been incredibly good to me," Herbst said. "I wouldn't have had this opportunity but for their confidence and trust. While it's hard to lose a close race, the good news is I still lead the best town in America."

Incumbent Democrat Denise Nappier declared victory Wednesday afternoon, right before Herbst's press conference. By Wednesday afternoon Nappier was leading by about 2,000 votes.

Nappier released a prepared statement to supporters:

"Yesterday's election was a hard-fought battle on so many fronts, and the real victory belongs to the Connecticut voters who exercised their right and privilege to vote," Nappier wrote. "I am deeply grateful to the people of our state for their support, and for the incredible energy of so many volunteers who worked hard to get out the vote."

For our coverage from Tim Herbst's headquarters last night, click here.