diff --git a/CHANGELOG.md b/CHANGELOG.md
index 51bade69..fa98bdc3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,24 @@
 
 <!-- <START NEW CHANGELOG ENTRY> -->
 
+## 2.7.0
+
+([Full Changelog](https://github.com/jupyter-server/jupyter-scheduler/compare/v2.6.0...5b55901d565ad1a2894beaf1aa638dbc016bcf37))
+
+### Enhancements made
+
+- Update to SQLAlchemy 2.x [#521](https://github.com/jupyter-server/jupyter-scheduler/pull/521) ([@andrii-i](https://github.com/andrii-i))
+- Add database schema update and database migration logic [#520](https://github.com/jupyter-server/jupyter-scheduler/pull/520) ([@andrii-i](https://github.com/andrii-i))
+- Use pytest temporary folders and fixtures to create test file hierarchy at test time [#516](https://github.com/jupyter-server/jupyter-scheduler/pull/516) ([@andrii-i](https://github.com/andrii-i))
+
+### Contributors to this release
+
+([GitHub contributors page for this release](https://github.com/jupyter-server/jupyter-scheduler/graphs/contributors?from=2024-04-30&to=2024-05-29&type=c))
+
+[@andrii-i](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter-scheduler+involves%3Aandrii-i+updated%3A2024-04-30..2024-05-29&type=Issues)
+
+<!-- <END NEW CHANGELOG ENTRY> -->
+
 ## 2.6.0
 
 ([Full Changelog](https://github.com/jupyter-server/jupyter-scheduler/compare/v2.5.2...51a5ee4cb5681844ee4d6d2577545fb973ad7890))
@@ -25,8 +43,6 @@
 
 [@andrii-i](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter-scheduler+involves%3Aandrii-i+updated%3A2024-04-15..2024-04-30&type=Issues) | [@github-actions](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter-scheduler+involves%3Agithub-actions+updated%3A2024-04-15..2024-04-30&type=Issues)
 
-<!-- <END NEW CHANGELOG ENTRY> -->
-
 ## 2.5.2
 
 ([Full Changelog](https://github.com/jupyter-server/jupyter-scheduler/compare/v2.5.1...b01c76088bb9acfac846727681a94c6e58493b9e))
diff --git a/jupyter_scheduler/_version.py b/jupyter_scheduler/_version.py
index 61de3b61..07dcc574 100644
--- a/jupyter_scheduler/_version.py
+++ b/jupyter_scheduler/_version.py
@@ -3,5 +3,5 @@
 
 __all__ = ["__version__"]
 
-version_info = (2, 6, 0, "", "")
+version_info = (2, 7, 0, "", "")
 __version__ = ".".join(map(str, version_info[:3])) + "".join(version_info[3:])
diff --git a/package.json b/package.json
index ed08a65e..a23ca354 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@jupyterlab/scheduler",
-  "version": "2.6.0",
+  "version": "2.7.0",
   "description": "A JupyterLab extension for running notebook jobs",
   "keywords": [
     "jupyter",
diff --git a/pyproject.toml b/pyproject.toml
index 07236ce5..e3609293 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "hatchling.build"
 
 [project]
 name = "jupyter_scheduler"
-version = "2.6.0"
+version = "2.7.0"
 description = "A JupyterLab extension for running notebook jobs"
 readme = "README.md"
 license = { file = "LICENSE" }
@@ -93,7 +93,7 @@ source_dir = "src"
 build_dir = "jupyter_scheduler/labextension"
 
 [tool.tbump.version]
-current = "2.6.0"
+current = "2.7.0"
 regex = "(?P<major>\\d+)\\.(?P<minor>\\d+)\\.(?P<patch>\\d+)((?P<channel>a|b|rc|.dev)(?P<release>\\d+))?"
 
 [[tool.tbump.file]]