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 f0ca30735af..e79da05c012 100644
--- a/RELEASE-NOTES.txt
+++ b/RELEASE-NOTES.txt
@@ -1,6 +1,30 @@
 Stan Math Library Release Notes
 ======================================================================
 
+v.2.16.0 (15 June 2017)
+======================================================================
+
+New Features
+--------------------------------------------------
+* New append_array function
+* Add categorical_logit_rng function
+
+Bug Fixes
+--------------------------------------------------
+* Align gamma_* function parameter names with documentation
+
+
+Other
+--------------------------------------------------
+* Update to Eigen 3.3.3
+* Support g++ 4.9
+* Fix overload logic in mdivide_left_tri_low so that it calls the var version of mdivide_left_tri where appropriate.
+* Check consistent size of state and dy_dt in ode_system
+* OperandsAndPartials refactor with new multivariate / nested container support
+* Update LLT to inplace decomposition per eigen 3.3 doc
+* Disable printf functions from CVODES
+
+
 v.2.15.0 (13 April 2017)
 ======================================================================
 
diff --git a/doxygen/doxygen.cfg b/doxygen/doxygen.cfg
index 56cef7e4e65..5e928036011 100644
--- a/doxygen/doxygen.cfg
+++ b/doxygen/doxygen.cfg
@@ -38,7 +38,7 @@ PROJECT_NAME           = "Stan Math Library"
 # 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/stan/math/version.hpp b/stan/math/version.hpp
index d5c0297ebd3..bb5b17f8f5b 100644
--- a/stan/math/version.hpp
+++ b/stan/math/version.hpp
@@ -12,7 +12,7 @@
 #endif
 
 #define STAN_MATH_MAJOR 2
-#define STAN_MATH_MINOR 15
+#define STAN_MATH_MINOR 16
 #define STAN_MATH_PATCH 0
 
 namespace stan {