diff --git a/.github/ISSUE_TEMPLATE.md b/.github/ISSUE_TEMPLATE.md
index 835f2e34425..d191d6f6dc0 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:
-v2.15.0
+v2.16.0
diff --git a/RELEASE-NOTES.txt b/RELEASE-NOTES.txt
index 3f98fbdd8dd..4e0469e64fd 100644
--- a/RELEASE-NOTES.txt
+++ b/RELEASE-NOTES.txt
@@ -5,6 +5,39 @@ Note: these are the release notes for the stan-dev/stan repository.
 Further changes may arise at the interface level (stan-dev/{rstan,
 pystan, cmdstan}) and math library level (stan-dev/math).
 
+v2.16.0 (15 June 2017)
+======================================================================
+
+New Team Members
+--------------------------------------------------
+* Breck Baldwin (Columbia University) -- Project Coordinator
+
+Bug Fixes
+--------------------------------------------------
+* Fix typo in cumulative_sum definition (#2288)
+* Check input/output streams and give better errors when files are not found (#2227)
+* Flush print outputs even in the face of a reject (#2311)
+
+
+New User-Facing Features
+--------------------------------------------------
+* New categorical_logit_rng function (#517)
+* New include mechanism for including stan code from other files (#2224)
+* New mechanism for compiling standalone Stan functions (#2267)
+
+
+New Internal Features
+--------------------------------------------------
+* New logging framework (#512)
+* Resolve hessian() to call O(N) reverse-mode version (#2321)
+* Change model to take in int seed for RNG instead of full RNG object (#2241)
+
+Documentation
+--------------------------------------------------
+* Updates to the Gaussian Processes chapter in the manual (#2240)
+* User manual updates for this release (#2265)
+
+
 v2.15.0 (14 April 2017)
 ======================================================================
 
diff --git a/src/docs/stan-reference/language.tex b/src/docs/stan-reference/language.tex
index 6c5da264905..967566863d2 100644
--- a/src/docs/stan-reference/language.tex
+++ b/src/docs/stan-reference/language.tex
@@ -2739,7 +2739,7 @@ \section{Assignment Statement}\label{assignment-statement.section}
 and assigns it to the (indexed) variable on the left-hand side.  An
 example of a simple assignment is as follows.%
 %
-\footnote{In versions of Stan before 2.15.0, the operator \code{<-} was
+\footnote{In versions of Stan before 2.16.0, the operator \code{<-} was
   used for assignment rather than using the equal sign \code{=}.  The
   old operator \code{<-} is now deprecated and will print a warning.
   In the future, it will be removed.}
diff --git a/src/docs/stan-reference/process.tex b/src/docs/stan-reference/process.tex
index 40afd13ba40..539602149a7 100644
--- a/src/docs/stan-reference/process.tex
+++ b/src/docs/stan-reference/process.tex
@@ -691,7 +691,7 @@ \section{Qualified Personnel}
 software systems that are still in production.
 
 Institutions at which the members of the Stan development team hold
-appointments as of Stan release 2.15.0 include Columbia University,
+appointments as of Stan release 2.16.0 include Columbia University,
 Adobe Creative Technologies Lab, University of Warwick, University of
 Toronto (Scarborough), Dartmouth Colloge, University of Washington,
 Lucidworks, CNRS (Paris), St. George's, University of London,
diff --git a/src/docs/stan-reference/stan-reference.tex b/src/docs/stan-reference/stan-reference.tex
index 68296118ffa..7eb4c5fdefa 100644
--- a/src/docs/stan-reference/stan-reference.tex
+++ b/src/docs/stan-reference/stan-reference.tex
@@ -8,7 +8,7 @@
 
 \pagestyle{plain}
 
-\newcommand{\stanversion}{2.15.0}
+\newcommand{\stanversion}{2.16.0}
 
 \frontmatter
 \include{title}
diff --git a/src/doxygen/doxygen.cfg b/src/doxygen/doxygen.cfg
index f9a69528b13..397584f1fd5 100644
--- a/src/doxygen/doxygen.cfg
+++ b/src/doxygen/doxygen.cfg
@@ -38,7 +38,7 @@ PROJECT_NAME           = "Stan"
 # could be handy for archiving the generated documentation or if some version
 # control system is used.
 
-PROJECT_NUMBER         = 2.15.0
+PROJECT_NUMBER         = 2.16.0
 
 # Using the PROJECT_BRIEF tag one can provide an optional one line description
 # for a project that appears at the top of each page and should give viewer a
diff --git a/src/stan/version.hpp b/src/stan/version.hpp
index fdfa7f57af2..9efe75c4c38 100644
--- a/src/stan/version.hpp
+++ b/src/stan/version.hpp
@@ -12,7 +12,7 @@
 #endif
 
 #define STAN_MAJOR 2
-#define STAN_MINOR 15
+#define STAN_MINOR 16
 #define STAN_PATCH 0
 
 namespace stan {
diff --git a/src/test/unit/version_test.cpp b/src/test/unit/version_test.cpp
index f5724526448..68b9e46ec93 100644
--- a/src/test/unit/version_test.cpp
+++ b/src/test/unit/version_test.cpp
@@ -3,12 +3,12 @@
 
 TEST(Stan, macro) {
   EXPECT_EQ(2, STAN_MAJOR);
-  EXPECT_EQ(15, STAN_MINOR);
+  EXPECT_EQ(16, STAN_MINOR);
   EXPECT_EQ(0, STAN_PATCH);
 }
 
 TEST(Stan, version) {
   EXPECT_EQ("2", stan::MAJOR_VERSION);
-  EXPECT_EQ("15", stan::MINOR_VERSION);
+  EXPECT_EQ("16", stan::MINOR_VERSION);
   EXPECT_EQ("0", stan::PATCH_VERSION);
 }