diff --git a/.github/ISSUE_TEMPLATE/bug.yml b/.github/ISSUE_TEMPLATE/bug.yml
index e4eb1a985..7f83d1953 100644
--- a/.github/ISSUE_TEMPLATE/bug.yml
+++ b/.github/ISSUE_TEMPLATE/bug.yml
@@ -15,7 +15,7 @@ body:
     attributes:
       label: Singer SDK Version
       description: Version of the library you are using
-      placeholder: "0.32.0b1"
+      placeholder: "0.32.0b2"
     validations:
       required: true
   - type: checkboxes
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 407f535a3..47f7bdded 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,12 @@ 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).
 
+## v0.32.0b2 (2023-09-15)
+
+### ⚡ Performance Improvements
+
+- [#1962](https://github.com/meltano/sdk/issues/1962) Ensure `raw_schema` in stream mapper is immutable
+
 ## v0.32.0b1 (2023-09-13)
 
 ### ✨ New
diff --git a/cookiecutter/mapper-template/{{cookiecutter.mapper_id}}/pyproject.toml b/cookiecutter/mapper-template/{{cookiecutter.mapper_id}}/pyproject.toml
index f9acb54b2..dc5372b7c 100644
--- a/cookiecutter/mapper-template/{{cookiecutter.mapper_id}}/pyproject.toml
+++ b/cookiecutter/mapper-template/{{cookiecutter.mapper_id}}/pyproject.toml
@@ -22,7 +22,7 @@ packages = [
 
 [tool.poetry.dependencies]
 python = "<3.12,>=3.7.1"
-singer-sdk = { version="^0.32.0b1" }
+singer-sdk = { version="^0.32.0b2" }
 fs-s3fs = { version = "^1.1.1", optional = true }
 
 [tool.poetry.group.dev.dependencies]
diff --git a/cookiecutter/tap-template/{{cookiecutter.tap_id}}/pyproject.toml b/cookiecutter/tap-template/{{cookiecutter.tap_id}}/pyproject.toml
index fbdc2454c..1b6332113 100644
--- a/cookiecutter/tap-template/{{cookiecutter.tap_id}}/pyproject.toml
+++ b/cookiecutter/tap-template/{{cookiecutter.tap_id}}/pyproject.toml
@@ -21,7 +21,7 @@ packages = [
 
 [tool.poetry.dependencies]
 python = "<3.12,>=3.7.1"
-singer-sdk = { version="^0.32.0b1" }
+singer-sdk = { version="^0.32.0b2" }
 fs-s3fs = { version = "^1.1.1", optional = true }
 {%- if cookiecutter.stream_type in ["REST", "GraphQL"] %}
 requests = "^2.31.0"
@@ -32,7 +32,7 @@ cached-property = "^1" # Remove after Python 3.7 support is dropped
 
 [tool.poetry.group.dev.dependencies]
 pytest = "^7.4.0"
-singer-sdk = { version="^0.32.0b1", extras = ["testing"] }
+singer-sdk = { version="^0.32.0b2", 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 16eef60f7..1855cb7ea 100644
--- a/cookiecutter/target-template/{{cookiecutter.target_id}}/pyproject.toml
+++ b/cookiecutter/target-template/{{cookiecutter.target_id}}/pyproject.toml
@@ -21,7 +21,7 @@ packages = [
 
 [tool.poetry.dependencies]
 python = "<3.12,>=3.7.1"
-singer-sdk = { version="^0.32.0b1" }
+singer-sdk = { version="^0.32.0b2" }
 fs-s3fs = { version = "^1.1.1", optional = true }
 {%- if cookiecutter.serialization_method != "SQL" %}
 requests = "^2.31.0"
@@ -29,7 +29,7 @@ requests = "^2.31.0"
 
 [tool.poetry.dev-dependencies]
 pytest = "^7.4.0"
-singer-sdk = { version="^0.32.0b1", extras = ["testing"] }
+singer-sdk = { version="^0.32.0b2", extras = ["testing"] }
 
 [tool.poetry.extras]
 s3 = ["fs-s3fs"]
diff --git a/docs/conf.py b/docs/conf.py
index 185577a44..9f044f6e9 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 = "0.32.0b1"
+release = "0.32.0b2"
 
 
 # -- General configuration ---------------------------------------------------
diff --git a/pyproject.toml b/pyproject.toml
index 9886cd36c..9d23bdebe 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "singer-sdk"
-version = "0.32.0b1"
+version = "0.32.0b2"
 description = "A framework for building Singer taps"
 authors = ["Meltano Team and Contributors <hello@meltano.com>"]
 maintainers = ["Meltano Team and Contributors <hello@meltano.com>"]
@@ -143,7 +143,7 @@ norecursedirs = "cookiecutter"
 
 [tool.commitizen]
 name = "cz_version_bump"
-version = "0.32.0b1"
+version = "0.32.0b2"
 changelog_merge_prerelease = true
 prerelease_offset = 1
 tag_format = "v$major.$minor.$patch$prerelease"