diff --git a/build/common.targets b/build/common.targets
index 026b56df..383e258b 100644
--- a/build/common.targets
+++ b/build/common.targets
@@ -7,7 +7,7 @@ repo. It imports the other MSBuild files as needed.
 <Project xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
   <PropertyGroup>
     <!--set general build properties -->
-    <Version>3.15.1</Version>
+    <Version>3.16.0</Version>
     <Product>SMAPI</Product>
     <LangVersion>latest</LangVersion>
     <AssemblySearchPaths>$(AssemblySearchPaths);{GAC}</AssemblySearchPaths>
diff --git a/docs/release-notes.md b/docs/release-notes.md
index 87693512..ca7d6e6e 100644
--- a/docs/release-notes.md
+++ b/docs/release-notes.md
@@ -4,10 +4,12 @@
 <!--
 ## 4.0.0
 * The installer no longer supports updating from SMAPI 2.11.3 or earlier (released in 2019).  
-  _If needed, you can update to SMAPI 3.15.0 first and then install to the latest version._
+  _If needed, you can update to SMAPI 3.16.0 first and then install the latest version._
 -->
 
-## Upcoming release
+## 3.16.0
+Released 22 August 2022 for Stardew Valley 1.5.6 or later. See [release highlights](https://www.patreon.com/posts/70797008).
+
 * For players:
   * Added error message if mod files are detected directly under `Mods` (instead of each mod having its own subfolder).
   * SMAPI now sets a success/error code when the game exits.  
@@ -21,16 +23,16 @@
   * Improved translations. Thanks to KediDili (updated Turkish)!
 
 * For mod authors:
-  * While loading your mod, SMAPI now searches for indirect dependencies in your mod's folder to support edge cases like F# mods (thanks to TehPers)!
+  * While loading your mod, SMAPI now searches for indirect dependencies in your mod's folder (thanks to TehPers)! This mainly enables F# mods.
   * **Raised deprecation message levels.**  
-    _Deprecation warnings are now player-visible in the SMAPI console as grayed-out `DEBUG` messages. They'll be raised to `WARN` level in SMAPI 3.17 next month, which will be the last major release before SMAPI 4.0._
+    _Deprecation warnings are now player-visible in the SMAPI console as faded `DEBUG` messages._
   * Updated to Pintail 2.2.1 (see [changes](https://github.com/Nanoray-pl/Pintail/blob/master/docs/release-notes.md#221)).
-  * Switched SMAPI's `.pdb` file to the newer 'portable' format. This has no effect on mods.
+  * Switched SMAPI's `.pdb` files to the newer 'portable' format. This has no effect on mods.
 
 * For the web UI:
   * Added log parser warning about performance of PyTK 1.23.0 or earlier.
   * Converted images to SVG (thanks to ishan!).
-  * Updated log parser for new update alert format in SMAPI 3.15.1.
+  * Updated log parser for the new update alert format in SMAPI 3.15.1.
   * Updated the JSON validator/schema for Content Patcher 1.28.0.
   * Fixed log parsing for invalid content packs.
   * Fixed log parsing if a mod logged a null character.
diff --git a/src/SMAPI.Mods.ConsoleCommands/manifest.json b/src/SMAPI.Mods.ConsoleCommands/manifest.json
index 3c2dec19..adc45ec3 100644
--- a/src/SMAPI.Mods.ConsoleCommands/manifest.json
+++ b/src/SMAPI.Mods.ConsoleCommands/manifest.json
@@ -1,9 +1,9 @@
 {
     "Name": "Console Commands",
     "Author": "SMAPI",
-    "Version": "3.15.1",
+    "Version": "3.16.0",
     "Description": "Adds SMAPI console commands that let you manipulate the game.",
     "UniqueID": "SMAPI.ConsoleCommands",
     "EntryDll": "ConsoleCommands.dll",
-    "MinimumApiVersion": "3.15.1"
+    "MinimumApiVersion": "3.16.0"
 }
diff --git a/src/SMAPI.Mods.ErrorHandler/manifest.json b/src/SMAPI.Mods.ErrorHandler/manifest.json
index 28b4b149..3a3c9283 100644
--- a/src/SMAPI.Mods.ErrorHandler/manifest.json
+++ b/src/SMAPI.Mods.ErrorHandler/manifest.json
@@ -1,9 +1,9 @@
 {
     "Name": "Error Handler",
     "Author": "SMAPI",
-    "Version": "3.15.1",
+    "Version": "3.16.0",
     "Description": "Handles some common vanilla errors to log more useful info or avoid breaking the game.",
     "UniqueID": "SMAPI.ErrorHandler",
     "EntryDll": "ErrorHandler.dll",
-    "MinimumApiVersion": "3.15.1"
+    "MinimumApiVersion": "3.16.0"
 }
diff --git a/src/SMAPI.Mods.SaveBackup/manifest.json b/src/SMAPI.Mods.SaveBackup/manifest.json
index 1944575b..eb98aa32 100644
--- a/src/SMAPI.Mods.SaveBackup/manifest.json
+++ b/src/SMAPI.Mods.SaveBackup/manifest.json
@@ -1,9 +1,9 @@
 {
     "Name": "Save Backup",
     "Author": "SMAPI",
-    "Version": "3.15.1",
+    "Version": "3.16.0",
     "Description": "Automatically backs up all your saves once per day into its folder.",
     "UniqueID": "SMAPI.SaveBackup",
     "EntryDll": "SaveBackup.dll",
-    "MinimumApiVersion": "3.15.1"
+    "MinimumApiVersion": "3.16.0"
 }
diff --git a/src/SMAPI/Constants.cs b/src/SMAPI/Constants.cs
index 7aaa33bb..c79a72ef 100644
--- a/src/SMAPI/Constants.cs
+++ b/src/SMAPI/Constants.cs
@@ -52,7 +52,7 @@ namespace StardewModdingAPI
         internal static int? LogScreenId { get; set; }
 
         /// <summary>SMAPI's current raw semantic version.</summary>
-        internal static string RawApiVersion = "3.15.1";
+        internal static string RawApiVersion = "3.16.0";
     }
 
     /// <summary>Contains SMAPI's constants and assumptions.</summary>