diff --git a/CHANGELOG.md b/CHANGELOG.md
index ddcaf780..8cbbc3d7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,17 @@
 # Changelog
 
+## [1.2.0](https://www.github.com/googleapis/java-billingbudgets/compare/v1.1.1...v1.2.0) (2021-05-26)
+
+
+### Features
+
+* add `gcf-owl-bot[bot]` to `ignoreAuthors` ([#477](https://www.github.com/googleapis/java-billingbudgets/issues/477)) ([31aaf8d](https://www.github.com/googleapis/java-billingbudgets/commit/31aaf8d5f6ec847109c8d6c074012c22c62dd585))
+
+
+### Dependencies
+
+* update dependency com.google.cloud:google-cloud-shared-dependencies to v1.2.0 ([#476](https://www.github.com/googleapis/java-billingbudgets/issues/476)) ([bd48a75](https://www.github.com/googleapis/java-billingbudgets/commit/bd48a7582a3d29f0f63ffaf1ecd34b85d6e7626a))
+
 ### [1.1.1](https://www.github.com/googleapis/java-billingbudgets/compare/v1.1.0...v1.1.1) (2021-05-11)
 
 
diff --git a/google-cloud-billingbudgets-bom/pom.xml b/google-cloud-billingbudgets-bom/pom.xml
index 36536608..b8ab5a10 100644
--- a/google-cloud-billingbudgets-bom/pom.xml
+++ b/google-cloud-billingbudgets-bom/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-billingbudgets-bom</artifactId>
-  <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
+  <version>1.2.0</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
   <packaging>pom</packaging>
   <parent>
     <groupId>com.google.cloud</groupId>
@@ -63,27 +63,27 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-billingbudgets-v1beta1</artifactId>
-        <version>0.7.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-billingbudgets-v1beta1:current} -->
+        <version>0.8.0</version><!-- {x-version-update:grpc-google-cloud-billingbudgets-v1beta1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-billingbudgets-v1</artifactId>
-        <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-billingbudgets-v1:current} -->
+        <version>1.2.0</version><!-- {x-version-update:grpc-google-cloud-billingbudgets-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-billingbudgets-v1beta1</artifactId>
-        <version>0.7.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-billingbudgets-v1beta1:current} -->
+        <version>0.8.0</version><!-- {x-version-update:proto-google-cloud-billingbudgets-v1beta1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-billingbudgets-v1</artifactId>
-        <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-billingbudgets-v1:current} -->
+        <version>1.2.0</version><!-- {x-version-update:proto-google-cloud-billingbudgets-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-billingbudgets</artifactId>
-        <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
+        <version>1.2.0</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/google-cloud-billingbudgets/pom.xml b/google-cloud-billingbudgets/pom.xml
index f85303a4..29809e6f 100644
--- a/google-cloud-billingbudgets/pom.xml
+++ b/google-cloud-billingbudgets/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-billingbudgets</artifactId>
-  <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
+  <version>1.2.0</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
   <packaging>jar</packaging>
   <name>Google Cloud billingbudgets</name>
   <url>https://github.com/googleapis/java-billingbudgets</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-billingbudgets-parent</artifactId>
-    <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
+    <version>1.2.0</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-billingbudgets</site.installationModule>
diff --git a/grpc-google-cloud-billingbudgets-v1/pom.xml b/grpc-google-cloud-billingbudgets-v1/pom.xml
index 3ebba6bb..d9a7760c 100644
--- a/grpc-google-cloud-billingbudgets-v1/pom.xml
+++ b/grpc-google-cloud-billingbudgets-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-billingbudgets-v1</artifactId>
-  <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-billingbudgets-v1:current} -->
+  <version>1.2.0</version><!-- {x-version-update:grpc-google-cloud-billingbudgets-v1:current} -->
   <name>grpc-google-cloud-billingbudgets-v1</name>
   <description>GRPC library for grpc-google-cloud-billingbudgets-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-billingbudgets-parent</artifactId>
-    <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
+    <version>1.2.0</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/grpc-google-cloud-billingbudgets-v1beta1/pom.xml b/grpc-google-cloud-billingbudgets-v1beta1/pom.xml
index a45ec2a8..13c399e7 100644
--- a/grpc-google-cloud-billingbudgets-v1beta1/pom.xml
+++ b/grpc-google-cloud-billingbudgets-v1beta1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-billingbudgets-v1beta1</artifactId>
-  <version>0.7.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-billingbudgets-v1beta1:current} -->
+  <version>0.8.0</version><!-- {x-version-update:grpc-google-cloud-billingbudgets-v1beta1:current} -->
   <name>grpc-google-cloud-billingbudgets-v1beta1</name>
   <description>GRPC library for grpc-google-cloud-billingbudgets-v1beta1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-billingbudgets-parent</artifactId>
-    <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
+    <version>1.2.0</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index 9f241bcf..8327f8a3 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-billingbudgets-parent</artifactId>
   <packaging>pom</packaging>
-  <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
+  <version>1.2.0</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
   <name>Google Cloud Billing Budgets Parent</name>
   <url>https://github.com/googleapis/java-billingbudgets</url>
   <description>
@@ -70,27 +70,27 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-billingbudgets-v1beta1</artifactId>
-        <version>0.7.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-billingbudgets-v1beta1:current} -->
+        <version>0.8.0</version><!-- {x-version-update:proto-google-cloud-billingbudgets-v1beta1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-billingbudgets-v1</artifactId>
-        <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-billingbudgets-v1:current} -->
+        <version>1.2.0</version><!-- {x-version-update:proto-google-cloud-billingbudgets-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-billingbudgets-v1beta1</artifactId>
-        <version>0.7.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-billingbudgets-v1beta1:current} -->
+        <version>0.8.0</version><!-- {x-version-update:grpc-google-cloud-billingbudgets-v1beta1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-billingbudgets-v1</artifactId>
-        <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:grpc-google-cloud-billingbudgets-v1:current} -->
+        <version>1.2.0</version><!-- {x-version-update:grpc-google-cloud-billingbudgets-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-billingbudgets</artifactId>
-        <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
+        <version>1.2.0</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
       </dependency>
 
       <dependency>
diff --git a/proto-google-cloud-billingbudgets-v1/pom.xml b/proto-google-cloud-billingbudgets-v1/pom.xml
index 1390d2bb..fbd4f308 100644
--- a/proto-google-cloud-billingbudgets-v1/pom.xml
+++ b/proto-google-cloud-billingbudgets-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-billingbudgets-v1</artifactId>
-  <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-billingbudgets-v1:current} -->
+  <version>1.2.0</version><!-- {x-version-update:proto-google-cloud-billingbudgets-v1:current} -->
   <name>proto-google-cloud-billingbudgets-v1</name>
   <description>PROTO library for proto-google-cloud-billingbudgets-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-billingbudgets-parent</artifactId>
-    <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
+    <version>1.2.0</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/proto-google-cloud-billingbudgets-v1beta1/pom.xml b/proto-google-cloud-billingbudgets-v1beta1/pom.xml
index 98287783..6b3c46c0 100644
--- a/proto-google-cloud-billingbudgets-v1beta1/pom.xml
+++ b/proto-google-cloud-billingbudgets-v1beta1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-billingbudgets-v1beta1</artifactId>
-  <version>0.7.2-SNAPSHOT</version><!-- {x-version-update:proto-google-cloud-billingbudgets-v1beta1:current} -->
+  <version>0.8.0</version><!-- {x-version-update:proto-google-cloud-billingbudgets-v1beta1:current} -->
   <name>proto-google-cloud-billingbudgets-v1beta1</name>
   <description>PROTO library for proto-google-cloud-billingbudgets-v1beta1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-billingbudgets-parent</artifactId>
-    <version>1.1.2-SNAPSHOT</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
+    <version>1.2.0</version><!-- {x-version-update:google-cloud-billingbudgets:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/versions.txt b/versions.txt
index d6c70341..eb021fab 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,8 +1,8 @@
 # Format:
 # module:released-version:current-version
 
-proto-google-cloud-billingbudgets-v1beta1:0.7.1:0.7.2-SNAPSHOT
-proto-google-cloud-billingbudgets-v1:1.1.1:1.1.2-SNAPSHOT
-grpc-google-cloud-billingbudgets-v1beta1:0.7.1:0.7.2-SNAPSHOT
-grpc-google-cloud-billingbudgets-v1:1.1.1:1.1.2-SNAPSHOT
-google-cloud-billingbudgets:1.1.1:1.1.2-SNAPSHOT
+proto-google-cloud-billingbudgets-v1beta1:0.8.0:0.8.0
+proto-google-cloud-billingbudgets-v1:1.2.0:1.2.0
+grpc-google-cloud-billingbudgets-v1beta1:0.8.0:0.8.0
+grpc-google-cloud-billingbudgets-v1:1.2.0:1.2.0
+google-cloud-billingbudgets:1.2.0:1.2.0