diff --git a/VERSION b/VERSION
index 9f3a58b0e1..c9d501d6df 100644
--- a/VERSION
+++ b/VERSION
@@ -17,7 +17,7 @@
 
 major=3
 minor=0
-release=5
+release=6
 
 # PRRTE required dependency versions.
 # List in x.y.z format.
@@ -37,7 +37,7 @@ flex_min_version=2.5.4
 # requirement is that it must be entirely printable ASCII characters
 # and have no white space.
 
-greek=rc2
+greek=rc1
 
 # If repo_rev is empty, then the repository version number will be
 # obtained during "make dist" via the "git describe --tags --always"
@@ -89,7 +89,7 @@ date="Nov 24, 2018"
 # Version numbers are described in the Libtool current:revision:age
 # format.
 
-libprrte_so_version=3:5:0
+libprrte_so_version=3:6:0
 
 # "Common" components install standalone libraries that are run-time
 # linked by one or more components.  So they need to be versioned as
diff --git a/docs/news/news-v3.x.rst b/docs/news/news-v3.x.rst
index eb50b34537..8af13baa01 100644
--- a/docs/news/news-v3.x.rst
+++ b/docs/news/news-v3.x.rst
@@ -4,6 +4,41 @@ PRRTE v3.x series
 This file contains all the NEWS updates for the PRRTE v3.x
 series, in reverse chronological order.
 
+3.0.6 -- 8 Jul 2024
+-------------------
+- PR #1992: Update NEWS and VERSION for release
+- PR #1991: Multiple commits
+   - Protect against missing HWLOC object types
+   - Minor fixes to allow compile with pre-stone age HWLOC
+- PR #1988: Github action: bring back MacOS builds
+- PR #1986: Tailored backport of "various fixes for singleton support"
+- PR #1985: Multiple commits
+   - Don't strip quotes from cmd line entries
+   - Update tar format to tar-pax
+- PR #1983: Check the runtime version of PMIx
+- PR #1979: Multiple commits
+   - Cleanup issues surfaced by devel-check
+   - Cleanup unused var warning
+   - Add CI build with clang
+   - Enable devel-check by default in Git repos
+   - Stop warning on LSF detection when not requested
+   - Silence warning
+   - MPI 4.1: add support for memory-alloc-kinds
+   - Remove MacOS CI builds
+   - Add support for PMIX_MEM_ALLOC_KIND
+- PR #1971: Remove stale resilience document
+- PR #1968: Try to improve an error message a bit
+- PR #1966: Fix typo
+- PR #1964: Repair the binding algorithm
+- PR #1962: Correct name of help file for --hostfile
+- PR #1959: Multiple commits
+   - Update the allocation simulator
+   - Use of pmix_getline from PMIx started in v4.2.5
+- PR #1956: Multiple commits
+   - Allow execution without an active plm component
+   - Fix the binding algorithm to handle partial disablement
+
+
 3.0.5 -- 21 Mar 2024
 --------------------
 - PR #1952: Multiple commits