diff --git a/.changes/header.tpl.md b/.changes/header.tpl.md
index 8bee7b4a..4dbd7204 100644
--- a/.changes/header.tpl.md
+++ b/.changes/header.tpl.md
@@ -1,4 +1,4 @@
-# dbt Core Changelog
+# dbt-common Changelog
 
 - This file provides a full account of all changes to `dbt-common`
 - Changes are listed under the (pre)release in which they first appear. Subsequent releases include changes from previous releases.
diff --git a/.changes/unreleased/Dependencies-20240425-112704.yaml b/.changes/unreleased/Dependencies-20240425-112704.yaml
deleted file mode 100644
index 1805a413..00000000
--- a/.changes/unreleased/Dependencies-20240425-112704.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Dependencies
-body: Pin agate `>=1.7.0,<1.10`
-time: 2024-04-25T11:27:04.91767-05:00
-custom:
-  Author: emmyoop
-  PR: "119"
diff --git a/.changes/unreleased/Dependencies-20240501-140032.yaml b/.changes/unreleased/Dependencies-20240501-140032.yaml
deleted file mode 100644
index bc21f82f..00000000
--- a/.changes/unreleased/Dependencies-20240501-140032.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Dependencies
-body: update pathspec upper version limitation
-time: 2024-05-01T14:00:32.257513+10:00
-custom:
-  Author: jerry153fish
-  PR: "120"
diff --git a/.changes/unreleased/Features-20240131-152923.yaml b/.changes/unreleased/Features-20240131-152923.yaml
deleted file mode 100644
index fc649269..00000000
--- a/.changes/unreleased/Features-20240131-152923.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Features
-body: Cache static objects between tests to accelerate integration runs.
-time: 2024-01-31T15:29:23.951857-05:00
-custom:
-  Author: peterallenwebb
-  Issue: "55"
diff --git a/.changes/unreleased/Features-20240201-101851.yaml b/.changes/unreleased/Features-20240201-101851.yaml
deleted file mode 100644
index fdd88f5c..00000000
--- a/.changes/unreleased/Features-20240201-101851.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Features
-body: Add dataclass utility `Mergeable`
-time: 2024-02-01T10:18:51.474231-08:00
-custom:
-  Author: QMalcolm
-  Issue: "58"
diff --git a/.changes/unreleased/Features-20240201-104437.yaml b/.changes/unreleased/Features-20240201-104437.yaml
deleted file mode 100644
index ff251faf..00000000
--- a/.changes/unreleased/Features-20240201-104437.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Features
-body: Added a new InvocationContext class for application context management.
-time: 2024-02-01T10:44:37.161298-05:00
-custom:
-  Author: peterallenwebb
-  Issue: "57"
diff --git a/.changes/unreleased/Features-20240410-090810.yaml b/.changes/unreleased/Features-20240410-090810.yaml
deleted file mode 100644
index e9473165..00000000
--- a/.changes/unreleased/Features-20240410-090810.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Features
-body: Support environment variables which dbt can see but user code cannot.
-time: 2024-04-10T09:08:10.068999-04:00
-custom:
-  Author: peterallenwebb
-  Issue: "103"
diff --git a/.changes/unreleased/Features-20240412-105245.yaml b/.changes/unreleased/Features-20240412-105245.yaml
deleted file mode 100644
index 2712c277..00000000
--- a/.changes/unreleased/Features-20240412-105245.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Features
-body: Add `error_tag` util to the `ui` module
-time: 2024-04-12T10:52:45.887334-07:00
-custom:
-  Author: QMalcolm
-  Issue: "107"
diff --git a/.changes/unreleased/Features-20240419-232030.yaml b/.changes/unreleased/Features-20240419-232030.yaml
deleted file mode 100644
index bd4e621c..00000000
--- a/.changes/unreleased/Features-20240419-232030.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Features
-body: Add ability to silence warnings via `WarnErrorOptions`
-time: 2024-04-19T23:20:30.014054-07:00
-custom:
-  Author: QMalcolm
-  Issue: "111"
diff --git a/.changes/unreleased/Features-20240506-170058.yaml b/.changes/unreleased/Features-20240506-170058.yaml
deleted file mode 100644
index d378e228..00000000
--- a/.changes/unreleased/Features-20240506-170058.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Features
-body: Enable serialization contexts
-time: 2024-05-06T17:00:58.272104-04:00
-custom:
-  Author: gshank
-  Issue: "126"
diff --git a/.changes/unreleased/Features-20240514-162052.yaml b/.changes/unreleased/Features-20240514-162052.yaml
deleted file mode 100644
index 1503c479..00000000
--- a/.changes/unreleased/Features-20240514-162052.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Features
-body: Support adding callbacks to the event manager
-time: 2024-05-14T16:20:52.120336-07:00
-custom:
-  Author: QMalcolm
-  Issue: "131"
diff --git a/.changes/unreleased/Features-20240515-161106.yaml b/.changes/unreleased/Features-20240515-161106.yaml
deleted file mode 100644
index ef4b7afb..00000000
--- a/.changes/unreleased/Features-20240515-161106.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Features
-body: Add a print event to support firing event to console in --quiet mode
-time: 2024-05-15T16:11:06.815526-07:00
-custom:
-  Author: ChenyuLInx
-  Issue: "8756"
diff --git a/.changes/unreleased/Features-20240716-102457.yaml b/.changes/unreleased/Features-20240716-102457.yaml
deleted file mode 100644
index 096b4259..00000000
--- a/.changes/unreleased/Features-20240716-102457.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Features
-body: Add to and to_columns to ColumnLevelConstraint and ModelLevelConstraint contracts
-time: 2024-07-16T10:24:57.11251-04:00
-custom:
-  Author: michelleark
-  Issue: "168"
diff --git a/.changes/unreleased/Fixes-20240206-160231.yaml b/.changes/unreleased/Fixes-20240206-160231.yaml
deleted file mode 100644
index a00205b3..00000000
--- a/.changes/unreleased/Fixes-20240206-160231.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Fixes
-body: Make invocation contexts more reliable in testing scenarios.
-time: 2024-02-06T16:02:31.81842-05:00
-custom:
-  Author: peterallenwebb
-  Issue: "52"
diff --git a/.changes/unreleased/Fixes-20240221-200204.yaml b/.changes/unreleased/Fixes-20240221-200204.yaml
deleted file mode 100644
index 8df4eb14..00000000
--- a/.changes/unreleased/Fixes-20240221-200204.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Fixes
-body: Fix the unset_contextvars function in events/contextvars.py
-time: 2024-02-21T20:02:04.341681-05:00
-custom:
-  Author: gshank
-  Issue: "82"
diff --git a/.changes/unreleased/Fixes-20240715-205355.yaml b/.changes/unreleased/Fixes-20240715-205355.yaml
deleted file mode 100644
index 780a6ad9..00000000
--- a/.changes/unreleased/Fixes-20240715-205355.yaml
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Fixes
-body: Fix case-insensitive env vars for Windows
-time: 2024-07-15T20:53:55.946355+01:00
-custom:
-    Author: peterallenwebb aranke
-    Issue: "166"
diff --git a/.changes/unreleased/Under the Hood-20240122-163546.yaml b/.changes/unreleased/Under the Hood-20240122-163546.yaml
deleted file mode 100644
index 0d32e2e3..00000000
--- a/.changes/unreleased/Under the Hood-20240122-163546.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Clean up macro contexts.
-time: 2024-01-22T16:35:46.907999-05:00
-custom:
-  Author: peterallenwebb
-  Issue: "35"
diff --git a/.changes/unreleased/Under the Hood-20240123-161107.yaml b/.changes/unreleased/Under the Hood-20240123-161107.yaml
deleted file mode 100644
index 68a83ab4..00000000
--- a/.changes/unreleased/Under the Hood-20240123-161107.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Inject TagIterator into BlockIterator for greater flexibility.
-time: 2024-01-23T16:11:07.24321-05:00
-custom:
-  Author: peterallenwebb
-  Issue: "38"
diff --git a/.changes/unreleased/Under the Hood-20240123-194242.yaml b/.changes/unreleased/Under the Hood-20240123-194242.yaml
deleted file mode 100644
index a0cb7431..00000000
--- a/.changes/unreleased/Under the Hood-20240123-194242.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Change metadata_vars \`if not\` to \`if ... is None\`
-time: 2024-01-23T19:42:42.95727089Z
-custom:
-  Author: truls-p
-  Issue: "6073"
diff --git a/.changes/unreleased/Under the Hood-20240206-081323.yaml b/.changes/unreleased/Under the Hood-20240206-081323.yaml
deleted file mode 100644
index f5565b06..00000000
--- a/.changes/unreleased/Under the Hood-20240206-081323.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Remove `fire_event_if_test` method
-time: 2024-02-06T08:13:23.722615-06:00
-custom:
-  Author: emmyoop
-  Issue: "66"
diff --git a/.changes/unreleased/Under the Hood-20240208-100709.yaml b/.changes/unreleased/Under the Hood-20240208-100709.yaml
deleted file mode 100644
index 2c824b39..00000000
--- a/.changes/unreleased/Under the Hood-20240208-100709.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Add Invocation Context Support to MultiThreadedExecutor
-time: 2024-02-08T10:07:09.584747-05:00
-custom:
-  Author: peterallenwebb
-  Issue: "75"
diff --git a/.changes/unreleased/Under the Hood-20240221-104344.yaml b/.changes/unreleased/Under the Hood-20240221-104344.yaml
deleted file mode 100644
index bd1423a9..00000000
--- a/.changes/unreleased/Under the Hood-20240221-104344.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Restrict protobuf library to major version 4.
-time: 2024-02-21T10:43:44.642458-05:00
-custom:
-  Author: peterallenwebb
-  Issue: "9566"
diff --git a/.changes/unreleased/Under the Hood-20240227-145400.yaml b/.changes/unreleased/Under the Hood-20240227-145400.yaml
deleted file mode 100644
index baf3b0fa..00000000
--- a/.changes/unreleased/Under the Hood-20240227-145400.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Implement record/replay mechanism
-time: 2024-02-27T14:54:00.94815-05:00
-custom:
-  Author: peterallenwebb
-  Issue: "9689"
diff --git a/.changes/unreleased/Under the Hood-20240314-161737.yaml b/.changes/unreleased/Under the Hood-20240314-161737.yaml
deleted file mode 100644
index d5d58059..00000000
--- a/.changes/unreleased/Under the Hood-20240314-161737.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Stream JSON on read/write instead of holding it in memory
-time: 2024-03-14T16:17:37.570328-04:00
-custom:
-  Author: peterallenwebb
-  Issue: "96"
diff --git a/.changes/unreleased/Under the Hood-20240319-122548.yaml b/.changes/unreleased/Under the Hood-20240319-122548.yaml
deleted file mode 100644
index 15640369..00000000
--- a/.changes/unreleased/Under the Hood-20240319-122548.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Improve startup performance by lazy-compiling mashumaro serialization functions
-time: 2024-03-19T12:25:48.615365-04:00
-custom:
-  Author: peterallenwebb
-  Issue: "97"
diff --git a/.changes/unreleased/Under the Hood-20240423-080648.yaml b/.changes/unreleased/Under the Hood-20240423-080648.yaml
deleted file mode 100644
index 448630c8..00000000
--- a/.changes/unreleased/Under the Hood-20240423-080648.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Remove the final underscore from secret and private environment variable constants.
-time: 2024-04-23T08:06:48.857514-05:00
-custom:
-  Author: emmyoop
-  Issue: "109"
diff --git a/.changes/unreleased/Under the Hood-20240528-110518.yaml b/.changes/unreleased/Under the Hood-20240528-110518.yaml
deleted file mode 100644
index 58b243c7..00000000
--- a/.changes/unreleased/Under the Hood-20240528-110518.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Allow dynamic selection of record types when recording.
-time: 2024-05-28T11:05:18.290107-05:00
-custom:
-  Author: emmyoop
-  Issue: "140"
diff --git a/.changes/unreleased/Under the Hood-20240529-143154.yaml b/.changes/unreleased/Under the Hood-20240529-143154.yaml
deleted file mode 100644
index e9664254..00000000
--- a/.changes/unreleased/Under the Hood-20240529-143154.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Move StatsItem, StatsDict, TableMetadata to dbt-common
-time: 2024-05-29T14:31:54.854468+01:00
-custom:
-    Author: aranke
-    Issue: "141"
diff --git a/.changes/unreleased/Under the Hood-20240603-123631.yaml b/.changes/unreleased/Under the Hood-20240603-123631.yaml
deleted file mode 100644
index 18a649df..00000000
--- a/.changes/unreleased/Under the Hood-20240603-123631.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Move CatalogKey, ColumnMetadata, ColumnMap, CatalogTable to dbt-common
-time: 2024-06-03T12:36:31.542118+02:00
-custom:
-    Author: aranke
-    Issue: "147"
diff --git a/.changes/unreleased/Under the Hood-20240617-204541.yaml b/.changes/unreleased/Under the Hood-20240617-204541.yaml
deleted file mode 100644
index b4e33c36..00000000
--- a/.changes/unreleased/Under the Hood-20240617-204541.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Add support for basic diff of run recordings.
-time: 2024-06-17T20:45:41.123374-05:00
-custom:
-  Author: emmyoop
-  Issue: "144"
diff --git a/.changes/unreleased/Under the Hood-20240618-155025.yaml b/.changes/unreleased/Under the Hood-20240618-155025.yaml
deleted file mode 100644
index b540d3d7..00000000
--- a/.changes/unreleased/Under the Hood-20240618-155025.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Deserialize Record objects on a just-in-time basis.
-time: 2024-06-18T15:50:25.985387-04:00
-custom:
-  Author: peterallenwebb
-  Issue: "151"
diff --git a/.changes/unreleased/Under the Hood-20240716-125753.yaml b/.changes/unreleased/Under the Hood-20240716-125753.yaml
deleted file mode 100644
index 55b36cb3..00000000
--- a/.changes/unreleased/Under the Hood-20240716-125753.yaml	
+++ /dev/null
@@ -1,6 +0,0 @@
-kind: Under the Hood
-body: Add record grouping mechanism to record/replay.
-time: 2024-07-16T12:57:53.434099-04:00
-custom:
-  Author: peterallenwebb
-  Issue: "169"
diff --git a/.changes/unreleased/Under the Hood-20240730-111902.yaml b/.changes/unreleased/Under the Hood-20240730-111902.yaml
new file mode 100644
index 00000000..0c2e4cdf
--- /dev/null
+++ b/.changes/unreleased/Under the Hood-20240730-111902.yaml	
@@ -0,0 +1,6 @@
+kind: Under the Hood
+body: Automate changelog and version bump during release
+time: 2024-07-30T11:19:02.277008-04:00
+custom:
+  Author: peterallenwebb
+  Issue: "171"
diff --git a/.github/workflows/release-prep.yml b/.github/workflows/release-prep.yml
new file mode 100644
index 00000000..b3986069
--- /dev/null
+++ b/.github/workflows/release-prep.yml
@@ -0,0 +1,496 @@
+# **what?**
+# This is a lightly modified copy/paste of the release-prep.yml workflow defined
+# in the dbt-release repo. We should eventually generalize and reuse more of
+# the logic.
+#
+# Perform the version bump, generate the changelog and run tests.
+#
+# Inputs:
+#  sha:                   The commit to attach to this release
+#  version_number:        The release version number (i.e. 1.0.0b1, 1.2.3rc2, 1.0.0)
+#  target_branch:         The branch that we will release from
+#  test_run:              Test run (The temp branch will be used for release)
+#
+#
+# Branching strategy:
+#  - During execution workflow execution the temp branch will be generated.
+#  - For normal runs the temp branch will be removed once changes were merged to target branch;
+#  - For test runs we will keep temp branch and will use it for release;
+#  Naming strategy:
+#  - For normal runs:      prep-release/${{ inputs.version_number }}_$GITHUB_RUN_ID
+#  - For test runs:        prep-release/test-run/${{ inputs.version_number }}_$GITHUB_RUN_ID
+
+
+name: Version Bump and Changelog Generation
+
+on:
+  workflow_call:
+    inputs:
+      sha:
+        required: true
+        type: string
+      version_number:
+        required: true
+        type: string
+      target_branch:
+        required: true
+        type: string
+      test_run:
+        required: false
+        default: true
+        type: boolean
+    outputs:
+      final_sha:
+        description: The new commit that includes the changelog and version bump.
+        value: ${{ jobs.determine-release-sha.outputs.final_sha }}
+      changelog_path:
+        description: The path to the changelog for this version
+        value: ${{ jobs.audit-changelog.outputs.changelog_path }}
+    secrets:
+      FISHTOWN_BOT_PAT:
+        description: "Token to commit/merge changes into branches"
+        required: true
+      IT_TEAM_MEMBERSHIP:
+        description: "Token that can view org level teams"
+        required: true
+
+permissions:
+  contents: write
+
+defaults:
+  run:
+    shell: bash
+
+env:
+  PYTHON_TARGET_VERSION: 3.8
+  NOTIFICATION_PREFIX: "[Release Preparation]"
+
+jobs:
+  log-inputs:
+    runs-on: ubuntu-latest
+
+    steps:
+      - name: "[DEBUG] Print Variables"
+        run: |
+          # WORKFLOW INPUTS
+          echo The last commit sha in the release:   ${{ inputs.sha }}
+          echo The release version number:           ${{ inputs.version_number }}
+          echo The branch that we will release from: ${{ inputs.target_branch }}
+          echo Test run:                             ${{ inputs.test_run }}
+          # ENVIRONMENT VARIABLES
+          echo Python target version:                ${{ env.PYTHON_TARGET_VERSION }}
+          echo Notification prefix:                  ${{ env.NOTIFICATION_PREFIX }}
+
+  audit-changelog:
+    runs-on: ubuntu-latest
+
+    outputs:
+      changelog_path: ${{ steps.set_path.outputs.changelog_path }}
+      exists: ${{ steps.set_existence.outputs.exists }}
+      base_version: ${{ steps.semver.outputs.base-version }}
+      prerelease: ${{ steps.semver.outputs.pre-release }}
+      is_prerelease: ${{ steps.semver.outputs.is-pre-release }}
+
+    steps:
+      - name: "Checkout ${{ github.repository }} Commit ${{ inputs.sha }}"
+        uses: actions/checkout@v4
+        with:
+          ref: ${{ inputs.sha }}
+
+      - name: "Audit Version And Parse Into Parts"
+        id: semver
+        uses: dbt-labs/actions/parse-semver@v1.1.0
+        with:
+          version: ${{ inputs.version_number }}
+
+      - name: "Set Changelog Path"
+        id: set_path
+        run: |
+          path=".changes/"
+          if [[ ${{ steps.semver.outputs.is-pre-release }} -eq 1 ]]
+          then
+            path+="${{ steps.semver.outputs.base-version }}-${{ steps.semver.outputs.pre-release }}.md"
+          else
+            path+="${{ steps.semver.outputs.base-version }}.md"
+          fi
+          # Send notification
+          echo "changelog_path=$path" >> $GITHUB_OUTPUT
+          title="Changelog path"
+          echo "::notice title=${{ env.NOTIFICATION_PREFIX }}: $title::$changelog_path"
+
+      - name: "Set Changelog Existence For Subsequent Jobs"
+        id: set_existence
+        run: |
+          does_exist=false
+          if test -f ${{ steps.set_path.outputs.changelog_path }}
+          then
+            does_exist=true
+          fi
+          echo "exists=$does_exist">> $GITHUB_OUTPUT
+
+      - name: "[Notification] Set Changelog Existence For Subsequent Jobs"
+        run: |
+          title="Changelog exists"
+          if [[ ${{ steps.set_existence.outputs.exists }} == true ]]
+          then
+            message="Changelog file ${{ steps.set_path.outputs.changelog_path }} already exists"
+          else
+            message="Changelog file ${{ steps.set_path.outputs.changelog_path }} doesn't exist"
+          fi
+          echo "::notice title=${{ env.NOTIFICATION_PREFIX }}: $title::$message"
+
+      - name: "[DEBUG] Print Outputs"
+        run: |
+          echo changelog_path: ${{ steps.set_path.outputs.changelog_path }}
+          echo exists:         ${{ steps.set_existence.outputs.exists }}
+          echo base_version:   ${{ steps.semver.outputs.base-version }}
+          echo prerelease:     ${{ steps.semver.outputs.pre-release }}
+          echo is_prerelease:  ${{ steps.semver.outputs.is-pre-release }}
+
+  audit-version-in-code:
+    runs-on: ubuntu-latest
+
+    outputs:
+      up_to_date: ${{ steps.version-check.outputs.up_to_date }}
+
+    steps:
+      - name: "Checkout ${{ github.repository }} Commit ${{ inputs.sha }}"
+        uses: actions/checkout@v4
+        with:
+          ref: ${{ inputs.sha }}
+
+      - name: "Check Current Version In Code"
+        id: version-check
+        run: |
+          is_updated=false
+          if grep -Fxq "version = \"${{ inputs.version_number }}\"" ./dbt_common/__about__.py
+          then
+            is_updated=true
+          fi
+          echo "up_to_date=$is_updated" >> $GITHUB_OUTPUT
+
+      - name: "[Notification] Check Current Version In Code"
+        run: |
+          title="Version check"
+          if [[ ${{ steps.version-check.outputs.up_to_date }} == true ]]
+          then
+            message="The version in the codebase is equal to the provided version"
+          else
+            message="The version in the codebase differs from the provided version"
+          fi
+          echo "::notice title=${{ env.NOTIFICATION_PREFIX }}: $title::$message"
+
+      - name: "[DEBUG] Print Outputs"
+        run: |
+          echo up_to_date: ${{ steps.version-check.outputs.up_to_date }}
+
+  skip-generate-changelog:
+    runs-on: ubuntu-latest
+    needs: [audit-changelog]
+    if: needs.audit-changelog.outputs.exists == 'true'
+
+    steps:
+      - name: "Changelog Exists, Skip Generating New Changelog"
+        run: |
+          # Send notification
+          title="Skip changelog generation"
+          message="A changelog file already exists at ${{ needs.audit-changelog.outputs.changelog_path }}, skipping generating changelog"
+          echo "::notice title=${{ env.NOTIFICATION_PREFIX }}: $title::$message"
+
+  skip-version-bump:
+    runs-on: ubuntu-latest
+    needs: [audit-version-in-code]
+    if: needs.audit-version-in-code.outputs.up_to_date == 'true'
+
+    steps:
+      - name: "Version Already Bumped"
+        run: |
+          # Send notification
+          title="Skip version bump"
+          message="The version has already been bumped to ${{ inputs.version_number }}, skipping version bump"
+          echo "::notice title=${{ env.NOTIFICATION_PREFIX }}: $title::$message"
+
+  create-temp-branch:
+    runs-on: ubuntu-latest
+    needs: [audit-changelog, audit-version-in-code]
+    if: needs.audit-changelog.outputs.exists == 'false' || needs.audit-version-in-code.outputs.up_to_date == 'false'
+
+    outputs:
+      branch_name: ${{ steps.variables.outputs.branch_name }}
+
+    steps:
+      - name: "Checkout ${{ github.repository }} Commit ${{ inputs.sha }}"
+        uses: actions/checkout@v4
+        with:
+          ref: ${{ inputs.sha }}
+
+      - name: "Generate Branch Name"
+        id: variables
+        run: |
+          name="prep-release/"
+          if [[ ${{ inputs.test_run }} == true ]]
+          then
+            name+="test-run/"
+          fi
+          name+="${{ inputs.version_number }}_$GITHUB_RUN_ID"
+          echo "branch_name=$name" >> $GITHUB_OUTPUT
+
+      - name: "Create Branch - ${{ steps.variables.outputs.branch_name }}"
+        run: |
+          git checkout -b ${{ steps.variables.outputs.branch_name }}
+          git push -u origin ${{ steps.variables.outputs.branch_name }}
+
+      - name: "[Notification] Temp branch created"
+        run: |
+          # Send notification
+          title="Temp branch generated"
+          message="The ${{ steps.variables.outputs.branch_name }} branch created"
+          echo "::notice title=${{ env.NOTIFICATION_PREFIX }}: $title::$message"
+
+      - name: "[DEBUG] Print Outputs"
+        run: |
+          echo branch_name ${{ steps.variables.outputs.branch_name }}
+
+  generate-changelog-bump-version:
+    runs-on: ubuntu-latest
+    needs: [audit-changelog, audit-version-in-code, create-temp-branch]
+
+    steps:
+      - name: "Checkout ${{ github.repository }} Branch ${{ needs.create-temp-branch.outputs.branch_name }}"
+        uses: actions/checkout@v4
+        with:
+          ref: ${{ needs.create-temp-branch.outputs.branch_name }}
+
+      - name: "Add Homebrew To PATH"
+        run: |
+          echo "/home/linuxbrew/.linuxbrew/bin:/home/linuxbrew/.linuxbrew/sbin" >> $GITHUB_PATH
+
+      - name: "Install Homebrew Packages"
+        run: |
+          brew install pre-commit
+          brew tap miniscruff/changie https://github.com/miniscruff/changie
+          brew install changie
+
+      - name: "Set json File Name"
+        id: json_file
+        run: |
+          echo "name=output_$GITHUB_RUN_ID.json" >> $GITHUB_OUTPUT
+
+      - name: "Get Core Team Membership"
+        run: |
+          gh api -H "Accept: application/vnd.github+json" orgs/dbt-labs/teams/core-group/members > ${{ steps.json_file.outputs.name }}
+        env:
+          GH_TOKEN: ${{ secrets.IT_TEAM_MEMBERSHIP }}
+
+      - name: "Set Core Team Membership for Changie Contributors exclusion"
+        id: set_team_membership
+        run: |
+          team_list=$(jq -r '.[].login' ${{ steps.json_file.outputs.name }})
+          echo $team_list
+          team_list_single=$(echo $team_list | tr '\n' ' ')
+          echo "CHANGIE_CORE_TEAM=$team_list_single" >> $GITHUB_ENV
+
+      - name: "Delete the json File"
+        run: |
+          rm ${{ steps.json_file.outputs.name }}
+
+      - name: "Generate Release Changelog"
+        if: needs.audit-changelog.outputs.exists == 'false'
+        run: |
+          if [[ ${{ needs.audit-changelog.outputs.is_prerelease }} -eq 1 ]]
+          then
+            changie batch ${{ needs.audit-changelog.outputs.base_version }} --move-dir '${{ needs.audit-changelog.outputs.base_version }}' --prerelease ${{ needs.audit-changelog.outputs.prerelease }}
+          elif [[ -d ".changes/${{ needs.audit-changelog.outputs.base_version }}" ]]
+          then
+            changie batch ${{ needs.audit-changelog.outputs.base_version }} --include '${{ needs.audit-changelog.outputs.base_version }}' --remove-prereleases
+          else # releasing a final patch with no prereleases
+            changie batch ${{ needs.audit-changelog.outputs.base_version }}
+          fi
+          changie merge
+          git status
+
+      - name: "Check Changelog Created Successfully"
+        if: needs.audit-changelog.outputs.exists == 'false'
+        run: |
+          title="Changelog"
+          if [[ -f ${{ needs.audit-changelog.outputs.changelog_path }} ]]
+          then
+            message="Changelog file created successfully"
+            echo "::notice title=${{ env.NOTIFICATION_PREFIX }}: $title::$message"
+          else
+            message="Changelog failed to generate"
+            echo "::error title=${{ env.NOTIFICATION_PREFIX }}: $title::$message"
+            exit 1
+          fi
+
+      - name: "Set up Python - ${{ env.PYTHON_TARGET_VERSION }}"
+        uses: actions/setup-python@v5
+        with:
+          python-version: ${{ env.PYTHON_TARGET_VERSION }}
+
+      - name: "Install Python Dependencies"
+        if: needs.audit-version-in-code.outputs.up_to_date == 'false'
+        run: |
+          python3 -m venv env
+          source env/bin/activate
+          python -m pip install --upgrade pip
+
+      - name: Install Hatch
+        uses: pypa/hatch@install
+
+      - name: "Bump Version To ${{ inputs.version_number }}"
+        if: needs.audit-version-in-code.outputs.up_to_date == 'false'
+        run: |
+          hatch version ${{ inputs.version_number }}
+          git status
+
+      - name: "[Notification] Bump Version To ${{ inputs.version_number }}"
+        if: needs.audit-version-in-code.outputs.up_to_date == 'false'
+        run: |
+          title="Version bump"
+          message="Version successfully bumped in codebase to ${{ inputs.version_number }}"
+          echo "::notice title=${{ env.NOTIFICATION_PREFIX }}: $title::$message"
+
+      # this step will fail on whitespace errors but also correct them
+      - name: "Remove Trailing Whitespace Via Pre-commit"
+        continue-on-error: true
+        run: |
+          pre-commit run trailing-whitespace --files .bumpversion.cfg CHANGELOG.md .changes/*
+          git status
+
+      # this step will fail on newline errors but also correct them
+      - name: "Removing Extra Newlines Via Pre-commit"
+        continue-on-error: true
+        run: |
+          pre-commit run end-of-file-fixer --files .bumpversion.cfg CHANGELOG.md .changes/*
+          git status
+
+      - name: "Commit & Push Changes"
+        run: |
+          #Data for commit
+          user="Github Build Bot"
+          email="buildbot@fishtownanalytics.com"
+          commit_message="Bumping version to ${{ inputs.version_number }} and generate changelog"
+          #Commit changes to branch
+          git config user.name "$user"
+          git config user.email "$email"
+          git pull
+          git add .
+          git commit -m "$commit_message"
+          git push
+
+  merge-changes-into-target-branch:
+    runs-on: ubuntu-latest
+    needs: [create-temp-branch, audit-version-in-code, audit-changelog]
+    if: |
+        !failure() && !cancelled() &&
+        inputs.test_run == false &&
+        (
+          needs.audit-changelog.outputs.exists == 'false' ||
+          needs.audit-version-in-code.outputs.up_to_date == 'false'
+        )
+
+    steps:
+      - name: "[Debug] Print Variables"
+        run: |
+          echo target_branch: ${{ inputs.target_branch }}
+          echo branch_name:   ${{ needs.create-temp-branch.outputs.branch_name }}
+          echo inputs.test_run: ${{ inputs.test_run }}
+          echo needs.audit-changelog.outputs.exists: ${{ needs.audit-changelog.outputs.exists }}
+          echo needs.audit-version-in-code.outputs.up_to_date: ${{ needs.audit-version-in-code.outputs.up_to_date }}
+
+      - name: "Checkout Repo ${{ github.repository }}"
+        uses: actions/checkout@v4
+
+      - name: "Merge Changes Into ${{ inputs.target_branch }}"
+        uses: everlytic/branch-merge@1.1.5
+        with:
+          source_ref: ${{ needs.create-temp-branch.outputs.branch_name }}
+          target_branch: ${{ inputs.target_branch }}
+          github_token: ${{ secrets.FISHTOWN_BOT_PAT }}
+          commit_message_template: "[Automated] Merged {source_ref} into target {target_branch} during release process"
+
+      - name: "[Notification] Changes Merged into ${{ inputs.target_branch }}"
+        run: |
+          title="Changelog and Version Bump Branch Merge"
+          message="The ${{ needs.create-temp-branch.outputs.branch_name }} branch was merged into ${{ inputs.target_branch }}"
+          echo "::notice title=${{ env.NOTIFICATION_PREFIX }}: $title::$message"
+
+  determine-release-sha:
+    runs-on: ubuntu-latest
+    needs:
+      [
+        create-temp-branch,
+        merge-changes-into-target-branch,
+        audit-changelog,
+        audit-version-in-code,
+      ]
+    # always run this job, regardless of if the dependant jobs were skipped
+    if: ${{ !failure() && !cancelled() }}
+
+    # Get the sha that will be released.  If the changelog already exists on the input sha and the version has already been bumped,
+    # then it is what we will release. Otherwise we generated a changelog and did the version bump in this workflow and there is a
+    # new sha to use from the merge we just did.  Grab that here instead.
+    outputs:
+      final_sha: ${{ steps.resolve_commit_sha.outputs.release_sha }}
+
+    steps:
+      - name: "[Debug] Print Variables"
+        run: |
+          echo target_branch:    ${{ inputs.target_branch }}
+          echo new_branch:       ${{ needs.create-temp-branch.outputs.branch_name }}
+          echo changelog_exists: ${{ needs.audit-changelog.outputs.exists }}
+          echo up_to_date:       ${{ needs.audit-version-in-code.outputs.up_to_date }}
+
+      - name: "Resolve Branch To Checkout"
+        id: resolve_branch
+        run: |
+          branch=""
+          if [[ ${{ inputs.test_run == true }} ]]
+          then
+            branch=${{ needs.create-temp-branch.outputs.branch_name }}
+          else
+            branch=${{ inputs.target_branch }}
+          fi
+          echo "target_branch=$branch" >> $GITHUB_OUTPUT
+
+      - name: "[Notification] Resolve Branch To Checkout"
+        run: |
+          title="Branch pick"
+          message="The ${{ steps.resolve_branch.outputs.target_branch }} branch will be used for release"
+          echo "::notice title=${{ env.NOTIFICATION_PREFIX }}: $title::$message"
+
+      - name: "Checkout Resolved Branch - ${{ steps.resolve_branch.outputs.target_branch }}"
+        uses: actions/checkout@v4
+        with:
+          ref: ${{ steps.resolve_branch.outputs.target_branch }}
+
+      - name: "[Debug] Log Branch"
+        run: git status
+
+      - name: "Resolve Commit SHA For Release"
+        id: resolve_commit_sha
+        run: |
+          commit_sha=""
+          if [[ ${{ needs.audit-changelog.outputs.exists }} == false ]] || [[ ${{ needs.audit-version-in-code.outputs.up_to_date }} == false ]]
+          then
+            commit_sha=$(git rev-parse HEAD)
+          else
+            commit_sha=${{ inputs.sha }}
+          fi
+          echo "release_sha=$commit_sha" >> $GITHUB_OUTPUT
+
+      - name: "[Notification] Resolve Commit SHA For Release"
+        run: |
+          title="Release commit pick"
+          message="The ${{ steps.resolve_commit_sha.outputs.release_sha }} commit will be used for release"
+          echo "::notice title=${{ env.NOTIFICATION_PREFIX }}: $title::$message"
+
+      - name: "Remove Temp Branch - ${{ needs.create-temp-branch.outputs.branch_name }}"
+        if: ${{ inputs.test_run == false && needs.create-temp-branch.outputs.branch_name != '' }}
+        run: |
+          git push origin -d ${{ needs.create-temp-branch.outputs.branch_name }}
+
+      - name: "[Debug] Print Outputs"
+        run: |
+          echo release_sha: ${{ steps.resolve_commit_sha.outputs.release_sha }}
diff --git a/.github/workflows/release.yml b/.github/workflows/release.yml
index ad581c99..e889f717 100644
--- a/.github/workflows/release.yml
+++ b/.github/workflows/release.yml
@@ -3,6 +3,19 @@ name: Release
 on:
   workflow_dispatch:
     inputs:
+      target_branch:
+        description: "The branch to release from"
+        type: string
+        required: true
+      version_number:
+        description: "The release version number (i.e. 1.0.0b1)"
+        type: string
+        required: true
+      test_run:
+        description: "Test run (Publish release as draft)"
+        type: boolean
+        default: true
+        required: false
       deploy-to:
         type: choice
         description: Choose where to publish (test/prod)
@@ -24,25 +37,28 @@ concurrency:
 
 jobs:
 
-  release:
-    name: PyPI - ${{ inputs.deploy-to }}
+  test-and-check:
+    name: Test and Check
     runs-on: ubuntu-latest
     environment:
       name: ${{ inputs.deploy-to }}
-    permissions:
-      id-token: write  # IMPORTANT: this permission is mandatory for trusted publishing
 
     steps:
-      - name: Check out repository
+      - name: Check out target branch
         uses: actions/checkout@v4
         with:
           persist-credentials: false
+          ref: ${{ inputs.target_branch }}
 
       - name: "Set up Python & Hatch - 3.11"
         uses: ./.github/actions/setup-python-hatch
         with:
           python-version: "3.11"
 
+      - name: Run tests
+        run: hatch test
+        shell: bash
+
       - name: Build artifacts
         run: hatch build
         shell: bash
@@ -51,12 +67,42 @@ jobs:
         run: hatch run build:check-all
         shell: bash
 
-      - name: Publish artifacts to PyPI Test
-        if: inputs.deploy-to == 'PypiTest'
+
+  update-version-and-create-changelog:
+    name: Update Version and Create Changelog
+    needs: [test-and-check]
+    permissions:
+      contents: write # this is the permission that allows creating a new release
+    secrets: inherit
+    uses: ./.github/workflows/release-prep.yml
+    with:
+      sha: ${{ github.sha }}
+      version_number: ${{ inputs.version_number }}
+      target_branch: ${{ inputs.target_branch }}
+      test_run: ${{ inputs.test_run }}
+
+
+  publish:
+    name: Publish to PyPI
+    if: ${{ !inputs.test_run }}
+    needs: [test-and-check, update-version-and-create-changelog]
+    runs-on: ubuntu-latest
+    environment:
+      name: ${{ inputs.deploy-to }}
+    permissions:
+      id-token: write  # IMPORTANT: this permission is mandatory for trusted publishing
+
+    steps:
+      - name: Build Artifacts
+        run: hatch build
+        shell: bash
+
+      - name: Publish Artifacts to PyPI Test
+        if: inputs.deploy-to == 'PypiTest' && !inputs.test_run
         uses: pypa/gh-action-pypi-publish@release/v1
         with:
           repository-url: https://test.pypi.org/legacy/
 
       - name: Publish artifacts to PyPI Prod
-        if: inputs.deploy-to == 'PypiProd'
+        if: inputs.deploy-to == 'PypiProd' && !inputs.test_run
         uses: pypa/gh-action-pypi-publish@release/v1
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5ca9d33a..c70909f2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,9 +1,148 @@
-# Changelog
-All notable changes to this project will be documented in this file.
+# dbt-common Changelog
 
-The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
-adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html),
-and is generated by [Changie](https://github.com/miniscruff/changie).
+- This file provides a full account of all changes to `dbt-common`
+- Changes are listed under the (pre)release in which they first appear. Subsequent releases include changes from previous releases.
+- "Breaking changes" listed under a version may require action from end users or external maintainers when upgrading to that version.
+- Do not edit this file directly. This file is auto-generated using [changie](https://github.com/miniscruff/changie). For details on how to document a change, see [the contributing guide](https://github.com/dbt-labs/dbt-common/blob/main/CONTRIBUTING.md#adding-changelog-entry)
 
+## dbt-common 1.6.0 - July 16, 2024
 
-No releases yet, this file will be updated when generating your first release.
+### Fixes
+
+- Fix case-insensitive env vars for Windows ([#166](https://github.com/dbt-labs/dbt-common/issues/166))
+
+### Under the Hood
+
+- Add record grouping mechanism to record/replay. ([#169](https://github.com/dbt-labs/dbt-common/issues/169))
+
+## dbt-common 1.6.0 - July 16, 2024
+
+### Features
+
+- Add to and to_columns to ColumnLevelConstraint and ModelLevelConstraint contracts ([#168](https://github.com/dbt-labs/dbt-common/issues/168))
+
+## dbt-common 1.5.0 - July 2, 2024
+
+## dbt-common 1.4.0 - June 18, 2024
+
+### Under the Hood
+
+- Add support for basic diff of run recordings. ([#144](https://github.com/dbt-labs/dbt-common/issues/144))
+- Deserialize Record objects on a just-in-time basis. ([#151](https://github.com/dbt-labs/dbt-common/issues/151))
+
+## dbt-common 1.3.0 - June 5, 2024
+
+### Under the Hood
+
+- Add automation workflow for changelog updates and version bump ([#92](https://github.com/dbt-labs/dbt-common/issues/92))
+- Move CatalogKey, ColumnMetadata, ColumnMap, CatalogTable to dbt-common ([#147](https://github.com/dbt-labs/dbt-common/issues/147))
+
+## dbt-common 1.2.0 - May 29, 2024
+
+### Under the Hood
+
+- Allow dynamic selection of record types when recording. ([#140](https://github.com/dbt-labs/dbt-common/issues/140))
+- Move StatsItem, StatsDict, TableMetadata to dbt-common ([#141](https://github.com/dbt-labs/dbt-common/issues/141))
+
+## dbt-common 1.1.0 - May 21, 2024
+
+### Features
+
+- Support adding callbacks to the event manager ([#131](https://github.com/dbt-labs/dbt-common/issues/131))
+- Add a print event to support firing event to console in --quiet mode ([#8756](https://github.com/dbt-labs/dbt-common/issues/8756))
+
+## dbt-common 1.0.4 - May 7, 2024
+
+### Features
+
+- Enable serialization contexts ([#126](https://github.com/dbt-labs/dbt-common/issues/126))
+
+## dbt-common 1.0.3 - May 1, 2024
+
+### Dependencies
+
+- Pin agate `>=1.7.0,<1.10` ([#119](https://github.com/dbt-labs/dbt-common/pull/119))
+- update pathspec upper version limitation ([#120](https://github.com/dbt-labs/dbt-common/pull/120))
+
+### Contributors
+- [@jerry153fish](https://github.com/jerry153fish) ([#120](https://github.com/dbt-labs/dbt-common/pull/120))
+
+## dbt-common 1.0.2 - April 24, 2024
+
+### Features
+
+- Add ability to silence warnings via `WarnErrorOptions` ([#111](https://github.com/dbt-labs/dbt-common/issues/111))
+
+### Under the Hood
+
+- Remove the final underscore from secret and private environment variable constants. ([#109](https://github.com/dbt-labs/dbt-common/issues/109))
+
+## dbt-common 1.0.1 - April 12, 2024
+
+### Features
+
+- Support environment variables which dbt can see but user code cannot. ([#103](https://github.com/dbt-labs/dbt-common/issues/103))
+- Add `error_tag` util to the `ui` module ([#107](https://github.com/dbt-labs/dbt-common/issues/107))
+
+## dbt-common 1.0.0 - April 1, 2024
+
+### Under the Hood
+
+- Implement record/replay mechanism ([#9689](https://github.com/dbt-labs/dbt-common/issues/9689))
+- Stream JSON on read/write instead of holding it in memory ([#96](https://github.com/dbt-labs/dbt-common/issues/96))
+- Improve startup performance by lazy-compiling mashumaro serialization functions ([#97](https://github.com/dbt-labs/dbt-common/issues/97))
+
+
+## dbt-common 0.1.6 - February 22, 2024
+
+### Fixes
+
+- Fix the unset_contextvars function in events/contextvars.py ([#82](https://github.com/dbt-labs/dbt-common/issues/82))
+
+### Under the Hood
+
+- Restrict protobuf library to major version 4. ([#9566](https://github.com/dbt-labs/dbt-common/issues/9566))
+
+
+## dbt-common 0.1.5 - February 8, 2024
+
+### Under the Hood
+
+- Add Invocation Context Support to MultiThreadedExecutor ([#75](https://github.com/dbt-labs/dbt-common/issues/75))
+
+
+## dbt-common 0.1.4 - February 7, 2024
+
+### Fixes
+
+- Make invocation contexts more reliable in testing scenarios. ([#52](https://github.com/dbt-labs/dbt-common/issues/52))
+
+### Under the Hood
+
+- Remove `fire_event_if_test` method ([#66](https://github.com/dbt-labs/dbt-common/issues/66))
+
+
+## dbt-common 0.1.3 - February 1, 2024
+
+### Features
+
+- Added a new InvocationContext class for application context management. ([#57](https://github.com/dbt-labs/dbt-common/issues/57))
+- Add dataclass utility `Mergeable` ([#58](https://github.com/dbt-labs/dbt-common/issues/58))
+
+## dbt-common 0.1.1 - January 26, 2024
+
+### Features
+
+- Cache static objects between tests to accelerate integration runs. ([#55](https://github.com/dbt-labs/dbt-common/issues/55))
+
+### Under the Hood
+
+- Clean up macro contexts. ([#35](https://github.com/dbt-labs/dbt-common/issues/35))
+- Change metadata_vars \`if not\` to \`if ... is None\` ([#6073](https://github.com/dbt-labs/dbt-common/issues/6073))
+- Inject TagIterator into BlockIterator for greater flexibility. ([#38](https://github.com/dbt-labs/dbt-common/issues/38))
+
+### Contributors
+- [@truls-p](https://github.com/truls-p) ([#6073](https://github.com/dbt-labs/dbt-common/issues/6073))
+
+
+## dbt-common 0.1.0 - January 17, 2024