diff --git a/lib/py/setup.py b/lib/py/setup.py
index caa7147..0db9731 100644
--- a/lib/py/setup.py
+++ b/lib/py/setup.py
@@ -91,7 +91,7 @@
     twisted_deps = ['twisted']
 
     setup(name='thrift',
-          version='0.15.0',
+          version='0.16.0',
           description='Python bindings for the Apache Thrift RPC system',
           author='Apache Thrift Developers',
           author_email='dev@thrift.apache.org',