Updated at 4:17 p.m.

Republican gubernatorial candidate Scott Milne confirmed Wednesday afternoon that he will not seek a recount of ballots cast in last week’s razor-thin election.

Milne’s decision came hours after the statewide election canvassing committee met in Montpelier to certify the results. The group, which consists of Secretary of State Jim Condos and representatives of Vermont’s four major parties, confirmed that two-term Democratic Gov. Peter Shumlin won 89,509 votes, Milne won 87,075 and Libertarian Dan Feliciano won 8,428.

“The certified numbers are in from the secretary of state, and I trust the canvassing committee performed this function competently,” Milne said in a written statement. “I trust that Peter Shumlin won the plurality.”

Like any candidate who comes within two percentage points of the top vote-getter, Milne was entitled to request a recount by the end of the day Wednesday. But the Pomfret Republican said he had come to the conclusion that the cost of a recount was “not warranted” and that it would be “unlikely” to show that he won a plurality of votes.

He added, “It is extremely unlikely, almost unfathomable, that a recount would put either candidate above the 50 percent mark.”

Even after the canvassing committee approved the results, the matter of who will lead the state for the next two years remained unsettled. In the event that no gubernatorial candidate wins a majority of the vote, Vermont’s constitution instructs a joint session of the House and Senate to name a governor from among the top three vote-getters.

Milne has hinted in public statements in the past week that he may ask legislators to buck tradition and choose him instead of Shumlin, arguing that he won a plurality in many legislative districts.

In his statement Wednesday, Milne said he would “address the press and public in an announcement next week regarding the legislature’s constitutional duty in January.”

At a press conference Wednesday morning at his Montpelier office, Shumlin said it was up to Milne to take the next step.

“First of all, I’m obviously pleased that I got the most votes,” Shumlin said. “Obviously, Scott Milne has to decide what is best and how he wants to proceed, so we’ll let him make those judgments. It was a very close election. We all know that.”

Later in the press conference, Shumlin said that for much of the state’s history, “the precedent has been in Vermont that the person who gets the most votes in a democracy wins — and that’s who the legislature supports.”

“I’ll be candid with you: As I’ve said before, democracy matters,” he continued. “I think Vermonters have a very deep commitment to fairness, and they have always communicated to elected officials from all parties [that] we do believe the person who gets the most votes in an election should serve us — and that’s what we’ve always upheld.”

Click here for the full canvassing committee report.