diff --git a/eng/Version.Details.xml b/eng/Version.Details.xml
index 335b739c9..57c1640f8 100644
--- a/eng/Version.Details.xml
+++ b/eng/Version.Details.xml
@@ -192,18 +192,18 @@
     </Dependency>
   </ProductDependencies>
   <ToolsetDependencies>
-    <Dependency Name="Microsoft.DotNet.Arcade.Sdk" Version="7.0.0-beta.24065.4">
+    <Dependency Name="Microsoft.DotNet.Arcade.Sdk" Version="7.0.0-beta.24114.4">
       <Uri>https://github.com/dotnet/arcade</Uri>
-      <Sha>feda715e3fb6d511eaa39071bb9d77351cf4d943</Sha>
+      <Sha>c9bbc4b7606b46f6121a2758d2555dfc6322ed88</Sha>
       <SourceBuild RepoName="arcade" ManagedOnly="true" />
     </Dependency>
-    <Dependency Name="Microsoft.DotNet.CMake.Sdk" Version="7.0.0-beta.24065.4">
+    <Dependency Name="Microsoft.DotNet.CMake.Sdk" Version="7.0.0-beta.24114.4">
       <Uri>https://github.com/dotnet/arcade</Uri>
-      <Sha>feda715e3fb6d511eaa39071bb9d77351cf4d943</Sha>
+      <Sha>c9bbc4b7606b46f6121a2758d2555dfc6322ed88</Sha>
     </Dependency>
-    <Dependency Name="Microsoft.DotNet.Build.Tasks.Installers" Version="7.0.0-beta.24065.4">
+    <Dependency Name="Microsoft.DotNet.Build.Tasks.Installers" Version="7.0.0-beta.24114.4">
       <Uri>https://github.com/dotnet/arcade</Uri>
-      <Sha>feda715e3fb6d511eaa39071bb9d77351cf4d943</Sha>
+      <Sha>c9bbc4b7606b46f6121a2758d2555dfc6322ed88</Sha>
     </Dependency>
     <Dependency Name="Microsoft.SourceBuild.Intermediate.source-build-reference-packages" Version="7.0.0-alpha.1.24059.2">
       <Uri>https://github.com/dotnet/source-build-reference-packages</Uri>
diff --git a/eng/Versions.props b/eng/Versions.props
index 3d0447ec9..cec0d27c6 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -33,7 +33,7 @@
   </PropertyGroup>
   <PropertyGroup>
     <!-- Dependency from https://github.com/dotnet/arcade -->
-    <MicrosoftDotNetBuildTasksInstallersPackageVersion>7.0.0-beta.24065.4</MicrosoftDotNetBuildTasksInstallersPackageVersion>
+    <MicrosoftDotNetBuildTasksInstallersPackageVersion>7.0.0-beta.24114.4</MicrosoftDotNetBuildTasksInstallersPackageVersion>
   </PropertyGroup>
   <PropertyGroup>
     <!-- Dependency from https://github.com/dotnet/winforms -->
@@ -220,7 +220,8 @@
       or minor release, prebuilts may be needed. When the release is mature, prebuilts are not
       necessary, and this property is removed from the file.
     -->
-    <PrivateSourceBuiltArtifactsPackageVersion>7.0.115</PrivateSourceBuiltArtifactsPackageVersion>
+    <PrivateSourceBuiltSDKVersion>7.0.116</PrivateSourceBuiltSDKVersion>
+    <PrivateSourceBuiltArtifactsPackageVersion>7.0.116</PrivateSourceBuiltArtifactsPackageVersion>
   </PropertyGroup>
   <!-- Workload manifest package versions -->
   <PropertyGroup>
diff --git a/global.json b/global.json
index 30aff2051..5d42d1e74 100644
--- a/global.json
+++ b/global.json
@@ -1,6 +1,6 @@
 {
   "tools": {
-    "dotnet": "7.0.115",
+    "dotnet": "7.0.116",
     "runtimes": {
       "dotnet": [
         "$(VSRedistCommonNetCoreSharedFrameworkx6470PackageVersion)"
@@ -11,7 +11,7 @@
     "cmake": "3.16.4"
   },
   "msbuild-sdks": {
-    "Microsoft.DotNet.Arcade.Sdk": "7.0.0-beta.24065.4",
-    "Microsoft.DotNet.CMake.Sdk": "7.0.0-beta.24065.4"
+    "Microsoft.DotNet.Arcade.Sdk": "7.0.0-beta.24114.4",
+    "Microsoft.DotNet.CMake.Sdk": "7.0.0-beta.24114.4"
   }
 }
diff --git a/src/SourceBuild/tarball/content/global.json b/src/SourceBuild/tarball/content/global.json
index ff635fdbf..68bdc9ac8 100644
--- a/src/SourceBuild/tarball/content/global.json
+++ b/src/SourceBuild/tarball/content/global.json
@@ -1,6 +1,6 @@
 {
   "tools": {
-    "dotnet": "7.0.115"
+    "dotnet": "7.0.116"
   },
   "msbuild-sdks": {
     "Microsoft.Build.CentralPackageVersions": "2.0.1",
diff --git a/src/SourceBuild/tarball/content/test/Microsoft.DotNet.SourceBuild.SmokeTests/assets/baselines/MsftToSbSdk.diff b/src/SourceBuild/tarball/content/test/Microsoft.DotNet.SourceBuild.SmokeTests/assets/baselines/MsftToSbSdk.diff
index 4d662a3c3..0f16c9546 100644
--- a/src/SourceBuild/tarball/content/test/Microsoft.DotNet.SourceBuild.SmokeTests/assets/baselines/MsftToSbSdk.diff
+++ b/src/SourceBuild/tarball/content/test/Microsoft.DotNet.SourceBuild.SmokeTests/assets/baselines/MsftToSbSdk.diff
@@ -25,6 +25,9 @@ index ------------
 +./packs/Microsoft.AspNetCore.App.Ref/x.y.z/ref/netx.y/System.Formats.Asn1.xml
  ./packs/Microsoft.AspNetCore.App.Ref/x.y.z/ref/netx.y/System.IO.Pipelines.dll
  ./packs/Microsoft.AspNetCore.App.Ref/x.y.z/ref/netx.y/System.IO.Pipelines.xml
++./packs/Microsoft.AspNetCore.App.Ref/x.y.z/ref/netx.y/System.Runtime.CompilerServices.Unsafe.dll
++./packs/Microsoft.AspNetCore.App.Ref/x.y.z/ref/netx.y/System.Security.AccessControl.dll
++./packs/Microsoft.AspNetCore.App.Ref/x.y.z/ref/netx.y/System.Security.AccessControl.xml
  ./packs/Microsoft.AspNetCore.App.Ref/x.y.z/ref/netx.y/System.Security.Cryptography.Xml.dll
  ./packs/Microsoft.AspNetCore.App.Ref/x.y.z/ref/netx.y/System.Security.Cryptography.Xml.xml
 +./packs/Microsoft.AspNetCore.App.Ref/x.y.z/ref/netx.y/System.Text.Encodings.Web.dll
@@ -45,6 +48,10 @@ index ------------
 -./packs/Microsoft.NETCore.App.Host.portable-rid/x.y.z/runtimes/portable-rid/native/libnethost.so
 -./packs/Microsoft.NETCore.App.Host.portable-rid/x.y.z/runtimes/portable-rid/native/nethost.h
 -./packs/Microsoft.NETCore.App.Host.portable-rid/x.y.z/runtimes/portable-rid/native/singlefilehost
++./packs/Microsoft.AspNetCore.App.Ref/x.y.z/ref/netx.y/System.Text.Encodings.Web.dll
++./packs/Microsoft.AspNetCore.App.Ref/x.y.z/ref/netx.y/System.Text.Encodings.Web.xml
++./packs/Microsoft.AspNetCore.App.Ref/x.y.z/ref/netx.y/System.Text.Json.dll
++./packs/Microsoft.AspNetCore.App.Ref/x.y.z/ref/netx.y/System.Text.Json.xml
 +./packs/Microsoft.NETCore.App.Host.banana-rid/
 +./packs/Microsoft.NETCore.App.Host.banana-rid/x.y.z/
 +./packs/Microsoft.NETCore.App.Host.banana-rid/x.y.z/runtimes/