diff --git a/.github/ISSUE_TEMPLATE/bug.yml b/.github/ISSUE_TEMPLATE/bug.yml
index d33518f65..0000da931 100644
--- a/.github/ISSUE_TEMPLATE/bug.yml
+++ b/.github/ISSUE_TEMPLATE/bug.yml
@@ -13,7 +13,7 @@ body:
     attributes:
       label: Singer SDK Version
       description: Version of the library you are using
-      placeholder: "0.34.1"
+      placeholder: "0.35.0"
     validations:
       required: true
   - type: checkboxes
diff --git a/CHANGELOG.md b/CHANGELOG.md
index f1b205fc8..9c23c195d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,45 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## v0.35.0 (2024-02-02)
+
+### ✨ New
+
+- [#2208](https://github.com/meltano/sdk/issues/2208) Allow users to disable schema validation in targets
+- [#2170](https://github.com/meltano/sdk/issues/2170) Generate fake data with stream maps -- _**Thanks @ReubenFrankel!**_
+- [#937](https://github.com/meltano/sdk/issues/937) Support validating configuration for any tap with a dynamic catalog
+- [#2144](https://github.com/meltano/sdk/issues/2144) Support fanning out parent record into multiple child contexts/syncs
+- [#1918](https://github.com/meltano/sdk/issues/1918) End RESTStream pagination if an empty page is received
+
+### 🐛 Fixes
+
+- [#2203](https://github.com/meltano/sdk/issues/2203) Fix serialization of arbitrary objects (e.g. `ObjectId` from mongoDB) during flattening -- _**Thanks @dgawlowsky!**_
+- [#2200](https://github.com/meltano/sdk/issues/2200) Quote column names in INSERT statement
+- [#2195](https://github.com/meltano/sdk/issues/2195) Include empty `schemas` directory in REST tap cookiecutter
+- [#2187](https://github.com/meltano/sdk/issues/2187) Replace use of deprecated `jsonschema._RefResolver` with recommended `referencing` library
+- [#2184](https://github.com/meltano/sdk/issues/2184) Reduce amount of unnecessary whitespace in Singer output
+- [#2183](https://github.com/meltano/sdk/issues/2183) Ensure `.vscode` directory is included when requested in cookiecutters and avoid failing if it does not exist
+- [#2180](https://github.com/meltano/sdk/issues/2180) Limit supported Python versions in `--about` output to existing ones
+- [#2108](https://github.com/meltano/sdk/issues/2108) Log sink name when an unhandled error occurs during setup
+- [#2158](https://github.com/meltano/sdk/issues/2158) Fix pytest plugin declaration so it can be used without requiring defining `pytest_plugins` in `conftest.py`
+- [#2105](https://github.com/meltano/sdk/issues/2105) Default handling of `ACTIVATE_VERSION` messages to soft deletes and add new `SQLConnector.delete_old_versions` method
+
+### ⚙️ Under the Hood
+
+- [#2189](https://github.com/meltano/sdk/issues/2189) Use `functools.lru_cache` instead of the stale `memoization` library (#1981)
+- [#2188](https://github.com/meltano/sdk/issues/2188) Remove unused `logger` parameter from private catalog helper functions
+- [#2143](https://github.com/meltano/sdk/issues/2143) Drop support for Python 3.7
+- [#2157](https://github.com/meltano/sdk/issues/2157) Remove `pytz` dependency and use `datetime.timezone.utc` instead of `pytz.UTC` where possible
+- [#2136](https://github.com/meltano/sdk/issues/2136) Create interface for schema validation in sinks, and implement it for `python-jsonschema` -- _**Thanks @BuzzCutNorman!**_
+- [#2130](https://github.com/meltano/sdk/issues/2130) Allow loading stream schemas from `importlib.resources.abc.Traversable` types
+
+### 📚 Documentation Improvements
+
+- [#2204](https://github.com/meltano/sdk/issues/2204) Document supported package extras
+- [#2186](https://github.com/meltano/sdk/issues/2186) Call out minimum recommended `cookiecutter` version
+- [#2168](https://github.com/meltano/sdk/issues/2168) Explain `Progress is not resumable if interrupted` in docs FAQ
+- [#2140](https://github.com/meltano/sdk/issues/2140) Update auth caching example to use `functools.cached_property`
+
 ## v0.34.1 (2023-12-19)
 
 ### 🐛 Fixes
diff --git a/cookiecutter/mapper-template/{{cookiecutter.mapper_id}}/pyproject.toml b/cookiecutter/mapper-template/{{cookiecutter.mapper_id}}/pyproject.toml
index fcbd018e4..eaf71ebac 100644
--- a/cookiecutter/mapper-template/{{cookiecutter.mapper_id}}/pyproject.toml
+++ b/cookiecutter/mapper-template/{{cookiecutter.mapper_id}}/pyproject.toml
@@ -31,12 +31,12 @@ packages = [
 
 [tool.poetry.dependencies]
 python = ">=3.8"
-singer-sdk = { version="~=0.34.1"{{ ', extras = ["faker"]' if cookiecutter.faker_extra }} }
+singer-sdk = { version="~=0.35.0"{{ ', extras = ["faker"]' if cookiecutter.faker_extra }} }
 fs-s3fs = { version = "~=1.1.1", optional = true }
 
 [tool.poetry.group.dev.dependencies]
 pytest = ">=7.4.0"
-singer-sdk = { version="~=0.34.1", extras = ["testing"] }
+singer-sdk = { version="~=0.35.0", extras = ["testing"] }
 
 [tool.poetry.extras]
 s3 = ["fs-s3fs"]
diff --git a/cookiecutter/tap-template/{{cookiecutter.tap_id}}/pyproject.toml b/cookiecutter/tap-template/{{cookiecutter.tap_id}}/pyproject.toml
index a48b5f551..c918ac15d 100644
--- a/cookiecutter/tap-template/{{cookiecutter.tap_id}}/pyproject.toml
+++ b/cookiecutter/tap-template/{{cookiecutter.tap_id}}/pyproject.toml
@@ -31,7 +31,7 @@ packages = [
 [tool.poetry.dependencies]
 python = ">=3.8"
 importlib-resources = { version = "==6.1.*", python = "<3.9" }
-singer-sdk = { version="~=0.34.1"{{ ', extras = ["faker"]' if cookiecutter.faker_extra }} }
+singer-sdk = { version="~=0.35.0"{{ ', extras = ["faker"]' if cookiecutter.faker_extra }} }
 fs-s3fs = { version = "~=1.1.1", optional = true }
 {%- if cookiecutter.stream_type in ["REST", "GraphQL"] %}
 requests = "~=2.31.0"
@@ -39,7 +39,7 @@ requests = "~=2.31.0"
 
 [tool.poetry.group.dev.dependencies]
 pytest = ">=7.4.0"
-singer-sdk = { version="~=0.34.1", extras = ["testing"] }
+singer-sdk = { version="~=0.35.0", extras = ["testing"] }
 
 [tool.poetry.extras]
 s3 = ["fs-s3fs"]
diff --git a/cookiecutter/target-template/{{cookiecutter.target_id}}/pyproject.toml b/cookiecutter/target-template/{{cookiecutter.target_id}}/pyproject.toml
index ebe332f8e..417a8e8ab 100644
--- a/cookiecutter/target-template/{{cookiecutter.target_id}}/pyproject.toml
+++ b/cookiecutter/target-template/{{cookiecutter.target_id}}/pyproject.toml
@@ -30,7 +30,7 @@ packages = [
 
 [tool.poetry.dependencies]
 python = ">=3.8"
-singer-sdk = { version="~=0.34.1"{{ ', extras = ["faker"]' if cookiecutter.faker_extra }} }
+singer-sdk = { version="~=0.35.0"{{ ', extras = ["faker"]' if cookiecutter.faker_extra }} }
 fs-s3fs = { version = "~=1.1.1", optional = true }
 {%- if cookiecutter.serialization_method != "SQL" %}
 requests = "~=2.31.0"
@@ -38,7 +38,7 @@ requests = "~=2.31.0"
 
 [tool.poetry.dev-dependencies]
 pytest = ">=7.4.0"
-singer-sdk = { version="~=0.34.1", extras = ["testing"] }
+singer-sdk = { version="~=0.35.0", extras = ["testing"] }
 
 [tool.poetry.extras]
 s3 = ["fs-s3fs"]
diff --git a/docs/conf.py b/docs/conf.py
index 92f377588..d47fcab8b 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -26,7 +26,7 @@
 author = "Meltano Core Team and Contributors"
 
 # The full version, including alpha/beta/rc tags
-release = "0.34.1"
+release = "0.35.0"
 
 
 # -- General configuration ---------------------------------------------------
diff --git a/pyproject.toml b/pyproject.toml
index 4bafb308d..2da037322 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -169,7 +169,7 @@ norecursedirs = "cookiecutter"
 
 [tool.commitizen]
 name = "cz_version_bump"
-version = "0.34.1"
+version = "0.35.0"
 changelog_merge_prerelease = true
 prerelease_offset = 1
 tag_format = "v$major.$minor.$patch$prerelease"