diff --git a/CHANGELOG.md b/CHANGELOG.md
index f215f8c145..4af5032334 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,26 @@ All notable changes to this project will be documented in this file.
 
 <!-- <START NEW CHANGELOG ENTRY> -->
 
+## 1.23.0
+
+([Full Changelog](https://github.com/jupyter-server/jupyter_server/compare/v1.21.0...16953940a16762329ef8f26c8c6d13a91defe0d3))
+
+### Enhancements made
+
+- Backport-1046: Pass kernel environment to `cwd_for_path` method (#1046) [#1051](https://github.com/jupyter-server/jupyter_server/pull/1051) ([@divyansshhh](https://github.com/divyansshhh))
+
+### Maintenance and upkeep improvements
+
+- \[1.x\] Switch to releaser v2 and update workflows [#1052](https://github.com/jupyter-server/jupyter_server/pull/1052) ([@blink1073](https://github.com/blink1073))
+
+### Contributors to this release
+
+([GitHub contributors page for this release](https://github.com/jupyter-server/jupyter_server/graphs/contributors?from=2022-10-11&to=2022-11-07&type=c))
+
+[@blink1073](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_server+involves%3Ablink1073+updated%3A2022-10-11..2022-11-07&type=Issues) | [@codecov-commenter](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_server+involves%3Acodecov-commenter+updated%3A2022-10-11..2022-11-07&type=Issues) | [@divyansshhh](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_server+involves%3Adivyansshhh+updated%3A2022-10-11..2022-11-07&type=Issues)
+
+<!-- <END NEW CHANGELOG ENTRY> -->
+
 ## 1.21.0
 
 ([Full Changelog](https://github.com/jupyter-server/jupyter_server/compare/v1.19.1...2f529bf5d1f8c68a6b7193f474c9ba025111d743))
@@ -22,8 +42,6 @@ All notable changes to this project will be documented in this file.
 
 [@codecov-commenter](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_server+involves%3Acodecov-commenter+updated%3A2022-09-27..2022-10-11&type=Issues) | [@meeseeksmachine](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_server+involves%3Ameeseeksmachine+updated%3A2022-09-27..2022-10-11&type=Issues) | [@welcome](https://github.com/search?q=repo%3Ajupyter-server%2Fjupyter_server+involves%3Awelcome+updated%3A2022-09-27..2022-10-11&type=Issues)
 
-<!-- <END NEW CHANGELOG ENTRY> -->
-
 ## 1.19.1
 
 ([Full Changelog](https://github.com/jupyter-server/jupyter_server/compare/v1.19.0...690d2f4131b2d65476d05b302a4b3e9a2f052650))
diff --git a/docs/source/conf.py b/docs/source/conf.py
index aa5ceca4a6..4570a20807 100644
--- a/docs/source/conf.py
+++ b/docs/source/conf.py
@@ -107,7 +107,7 @@
 # |version| and |release|, also used in various other places throughout the
 # built documents.
 #
-__version__ = "1.22.0.dev0"
+__version__ = "1.23.0"
 # The short X.Y version.
 version_parsed = parse_version(__version__)
 version = f"{version_parsed.major}.{version_parsed.minor}"
diff --git a/jupyter_server/_version.py b/jupyter_server/_version.py
index 10eaf2b4c7..b964444fa7 100644
--- a/jupyter_server/_version.py
+++ b/jupyter_server/_version.py
@@ -2,5 +2,5 @@
 store the current version info of the server.
 
 """
-version_info = (1, 22, 0, ".dev", "0")
+version_info = (1, 23, 0, "", "")
 __version__ = ".".join(map(str, version_info[:3])) + "".join(version_info[3:])
diff --git a/pyproject.toml b/pyproject.toml
index 7e2c46922a..8f10655318 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -34,7 +34,7 @@ skip = ["check-links"]
 post-version-spec = "dev"
 
 [tool.tbump.version]
-current = "1.22.0.dev0"
+current = "1.23.0"
 regex = '''
   (?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)
   ((?P<channel>a|b|rc|.dev)(?P<release>\d+))?