At the public school replacement meeting, we were told borrowing

Sea Isle City - At the public school replacement meeting, we were told borrowing the $14 to $17 million would add $600 to $800 to the average property tax bill. I read in the Herald that council is approving $9 million bonds for infrastructure. Does that mean when all this borrowing is set that our taxes are going up $1,200 or more? That’s more than my pension.