diff --git a/CHANGELOG.md b/CHANGELOG.md
index a5bda36b..d1eb51e0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,8 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ## [Unreleased]
 
+## [3.1.48] - 2023-03-28
+
 ### Security
 - Fixed Cross site scripting vulnerability in Javascript escaping.  This addresses CVE-2023-28447.
 
diff --git a/libs/Smarty.class.php b/libs/Smarty.class.php
index cc3f77d2..a34c55e4 100644
--- a/libs/Smarty.class.php
+++ b/libs/Smarty.class.php
@@ -111,7 +111,7 @@ class Smarty extends Smarty_Internal_TemplateBase
     /**
      * smarty version
      */
-    const SMARTY_VERSION = '3.1.47';
+    const SMARTY_VERSION = '3.1.48';
     /**
      * define variable scopes
      */