This entirely depends on how the rules for the homeowners association were written. By law you have to be given a copy of them when you buy the associated property.
First, call your board members and tell them you strongly object ( if you do ).
Encourage others to do the same.... the board members are typically elected by the homeowners to legally act on your behalf.
If this action is not prohibited by your by-laws they could likely do it.
Depending on what services the HOA provides it could screw your community.
If they maintain the building outsides ( like siding, paint and roofs ) while you may not need it right now.... you are saving up for the day when you do need a new roof or wahtever.
If you spend that money.. then need a roof,you will have to borrow it against the association... the association will then extend a special assesment to each homeowner to pay it back.
That money comes right out of your pocket.
Divide 147,000 by the number of homes in the community to figure out your share... are you really ready to write a check from your checkbook for that amount ?
There you go.
Bitch up a storm .... it's innapropriate for them to make this decision for all the homeowners..... charity ( in this case ) nees to be an individual act.
( Former member of HOA Borad of Directors )