diff --git a/CHANGELOG.md b/CHANGELOG.md
index 094dcb22a..6dff5d872 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,19 @@
 # Changelog
 
+## [1.28.0](https://www.github.com/renovate-bot/cloudsql-proxy/compare/v1.27.1...v1.28.0) (2022-01-04)
+
+
+### Features
+
+* add support for ReadTime in Admin API requests ([#1040](https://www.github.com/renovate-bot/cloudsql-proxy/issues/1040)) ([a7c8b5c](https://www.github.com/renovate-bot/cloudsql-proxy/commit/a7c8b5cf4d10c17bea405ce67ee642232b43fdec))
+* add support for specifying a quota project ([#1044](https://www.github.com/renovate-bot/cloudsql-proxy/issues/1044)) ([dc66aca](https://www.github.com/renovate-bot/cloudsql-proxy/commit/dc66aca88190ae3f6d39f191489fdfb280146ed9))
+* allow multiple -instances flags ([#1046](https://www.github.com/renovate-bot/cloudsql-proxy/issues/1046)) ([1972693](https://www.github.com/renovate-bot/cloudsql-proxy/commit/1972693b8ac65c912bb719dc23d4f578cb6ff9e2)), closes [#1030](https://www.github.com/renovate-bot/cloudsql-proxy/issues/1030)
+
+
+### Bug Fixes
+
+* increase rateLimit burst size to 2 ([#1048](https://www.github.com/renovate-bot/cloudsql-proxy/issues/1048)) ([df6b6f9](https://www.github.com/renovate-bot/cloudsql-proxy/commit/df6b6f9ed8860d28f5e934db495257d288c42f2b))
+
 ### [1.27.1](https://www.github.com/GoogleCloudPlatform/cloudsql-proxy/compare/v1.27.0...v1.27.1) (2021-12-07)
 
 
diff --git a/version.txt b/version.txt
index 5b9b4efa5..cfc730712 100644
--- a/version.txt
+++ b/version.txt
@@ -1 +1 @@
-1.27.2-dev
+1.28.0