diff --git a/.github/ISSUE_TEMPLATE.md b/.github/ISSUE_TEMPLATE.md
index 9fb906fd20..e90d0a12f7 100644
--- a/.github/ISSUE_TEMPLATE.md
+++ b/.github/ISSUE_TEMPLATE.md
@@ -24,4 +24,4 @@ Describe what you expect the output to be. Knowing the correct behavior is also
 Provide any additional information here.
 
 #### Current Version:
-v2.33.1
+v2.34.0
diff --git a/makefile b/makefile
index 0e5b353e4b..8ec058dd32 100644
--- a/makefile
+++ b/makefile
@@ -149,7 +149,7 @@ include make/program
 include make/tests
 include make/command
 
-CMDSTAN_VERSION := 2.33.1
+CMDSTAN_VERSION := 2.34.0
 
 ifeq ($(OS),Windows_NT)
 HELP_MAKE=mingw32-make
diff --git a/src/cmdstan/version.hpp b/src/cmdstan/version.hpp
index 6415bbdb6a..7e42f2b48a 100644
--- a/src/cmdstan/version.hpp
+++ b/src/cmdstan/version.hpp
@@ -12,8 +12,8 @@
 #endif
 
 #define CMDSTAN_MAJOR 2
-#define CMDSTAN_MINOR 33
-#define CMDSTAN_PATCH 1
+#define CMDSTAN_MINOR 34
+#define CMDSTAN_PATCH 0
 
 namespace cmdstan {