The conference committee is expected to begin work in earnest next week to draw up a compromise bill.
The committee will begin drafting a compromise bill later this month.
A compromise bill is expected to be completed by Congress next month.
The state is now close to achieving a decent compromise bill.
Lawmakers said the compromise bill would save $81.5 billion in seven years.
Subsequently, a compromise bill was introduced in the Senate for a $100 million increase over two years.
Officials in all three camps say agreement on a compromise bill is likely to come soon.
Last year, both houses, along with the real estate industry, worked out a compromise bill similar to this year's.
A compromise bill then passed one house but failed in the other.
The compromise bill will increase Federal outlays by $3.34 billion from 1989 to 1993.