Denver (CNN) Denver teachers plan to strike on Monday, the Denver Classroom Teachers Association said on Wednesday. However, Colorado's governor said both sides are close to a deal and he hopes to avert the strike.

"Based on my meetings with both parties, the evidence that I've seen, the parties are very close to reaching an agreement," Gov. Jared Polis told reporters.

Polis said he also supported the decision by the Colorado Department of Labor and Employment not to intervene in the labor dispute.

The two sides have reached agreements on several points, such as additional money for hard-to-fill positions, but several areas of disagreements remain, including teacher salaries, according to the the governor. Negotiations are expected to continue, both sides said.

The Denver Classroom Teachers Association, which has nearly 3,000 members, had been negotiating with the Denver Public Schools for 14 months to overhaul the district's compensation system, which the union said is tied to the city's teacher turnover rate.

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