diff --git a/.github/ISSUE_TEMPLATE.md b/.github/ISSUE_TEMPLATE.md
index 9a61c1b6e1..3d86e876e7 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:
-v2.31.0
+v2.32.0
diff --git a/makefile b/makefile
index 8e7186a69f..d3b53311c5 100644
--- a/makefile
+++ b/makefile
@@ -149,7 +149,7 @@ include make/program
 include make/tests
 include make/command
 
-CMDSTAN_VERSION := 2.31.0
+CMDSTAN_VERSION := 2.32.0
 
 ifeq ($(OS),Windows_NT)
 HELP_MAKE=mingw32-make
diff --git a/stan b/stan
index e90ebc3df3..77609338a2 160000
--- a/stan
+++ b/stan
@@ -1 +1 @@
-Subproject commit e90ebc3df323d5921aeb3a9dd2e50fb803bc97b2
+Subproject commit 77609338a253678f747d86ab676f71f3e6fd4df1