diff --git a/CMakeLists.txt b/CMakeLists.txt
index c11e4bc33..74f9b7ba1 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -13,8 +13,8 @@ project(bml ${LANGUAGES})
 # The library version is versioned off the major version. If the API
 # changes, the library version should be bumped.
 set(PROJECT_VERSION_MAJOR "1")
-set(PROJECT_VERSION_MINOR "2")
-set(PROJECT_VERSION_PATCH "3")
+set(PROJECT_VERSION_MINOR "3")
+set(PROJECT_VERSION_PATCH "0")
 
 set(PROJECT_VERSION "${PROJECT_VERSION_MAJOR}.${PROJECT_VERSION_MINOR}.${PROJECT_VERSION_PATCH}")
 set(PROJECT_DESCRIPTION