In victory speech, Beth Pearce celebrates defeat over super PAC-backed foe

In one of the more boisterous victory speeches tonight, incumbent Democratic Treasurer Beth Pearce celebrated a win in one of the most closely watched races of the 2012 campaign.

Pearce a short time ago received a call from Republican challenger Wendy Wilton conceding the race. Pearce, a former seven-year deputy treasurer appointed to the post when Jeb Spaulding resigned to join the Shumlin administration, thanks her “Vermont family” for delivering her a victory Tuesday.

The race was viewed in some circles as a referendum on super PACs. The conservative super PAC Vermonters First poured about $800,000 in the 2012 elections, much of it on behalf of Wilton.

The super PAC lost,” Pearce said. “Vermonters won.”

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