My realestate taxes just went up. I am sure whatever company you work for has a mortgage too.
Why is this an issue or a problem?
USA Softball is making millions of dollars in improvements adding a second deck to their hall of fame stadium in oklahoma city. I am sure that will increase their mortgage. I am guessing no one will post about it or worry about.
Associations take on debt just like other companies. Getting a city to take on some of that debt should be applauded as a great deal.