MADISON, Wis. (CBS 58) -- Gov. Tony Evers and Republican legislative leaders announced Wednesday evening they are ending negotiations on the next two-year state budget.

While both sides said they appreciated the other party's willing to talk over the past few weeks, it now appears the budget will play out the same way it did in the previous three cycles of divided government since Evers' election in 2018. Republicans will complete a rewrite of Evers' proposed budget, then Evers will use his vast line-item veto powers to strike out portions he doesn't like.

Both Evers and GOP leaders said in separate statements the sticking point was Republicans not backing Evers' spending priorities.

Evers said he was willing to give Republicans a set of tax cuts they'd been seeking, but they wouldn't back his push to increase spending on child care, K-12 education and the University of Wisconsin System. 

“I told Republicans I’d support their half of the deal and their top tax priorities—even though they’re very similar to bills I previously vetoed—because I believe that’s how compromise is supposed to work," Evers said. “Unfortunately, Republicans couldn’t agree to support the top priorities in my half of the deal, which included meaningful investments for K-12 schools, to continue Child Care Counts to help lower the cost of child care for working families, and to prevent further campus closures and layoffs at our UW System."

“The governor was willing to work with them on their priorities," said Senator Kelda Roys (D-Madison). But Republicans thought it was more important to walk away because they were unwilling to give our kids what they need...I think we’re going to see a budget that fails our kids. That does not provide the resources to make sure every Wisconsin kid gets a good public education.”

Evers' statement noted it was Republicans who decided to end talks. Assembly Speaker Robin Vos (R-Rochester) and Rep. Mark Born (R-Beaver Dam), the Assembly's co-chair of the budget-writing Joint Finance Committee, said they were open to revisiting discussions in the future.

"We would like to thank Governor Evers and his staff for engaging in good-faith negotiations to try to reach consensus on large portions of the state budget," Vos and Born's statement read. “Assembly Republicans remain open to discussions with Governor Evers in hopes of finding areas of agreement, however, after meeting until late last night and again this morning, it appears the two sides remain far apart.”

While the Assembly GOP statement didn't offer any specifics about what issues were separating the two sides, Senate Majority Leader Devin LeMahieu (R-Oostburg) Senate Joint Finance Co-Chair Howard Marklein (R-Spring Green), indicated they would not get on board with spending at the level Evers sought.

“Both sides of these negotiations worked to find compromise and do what is best for the state of Wisconsin," the Senate GOP statement read. "However, we have reached a point where Governor Evers’ spending priorities have extended beyond what taxpayers can afford."

“Madison is apparently not unlike Washington D.C., in that the extremists of their party, the extremists of the Republican Party apparently hold all the keys to power," said Rep. Tip McGuire (D-Kenosha).

The current budget cycle ends June 30. If a new budget isn't approved by then, spending will continue at the 2023-25 levels until a new budget for the 2025-27 cycle is enacted.