Tribpedia: Red McCombs

Tribpedia

Red McCombs is a San Antonio businessman. He is the founder of Red McCombs Automotive Group, and co-founder of Clear Channel Communications and Koontz McCombs Construction Ltd. McCombs earned a business degree from at the University of Texas after leaving law school because he “realized it would take years before he achieved success.”

McCombs entered the automotive business in 1958 ...

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Property Tax Lending Industry Under Review Again

Some officeholders have raised the idea of replacing Texas' property tax with a larger sales tax. But that could create some new fiscal challenges.
Some officeholders have raised the idea of replacing Texas' property tax with a larger sales tax. But that could create some new fiscal challenges.

While buying a home in Texas may not be as expensive as it is in other states, keeping up with property taxes — the 14th-highest in the nation, according to tax analysts — can be harder. Facing an interim charge to review a bill regulating property tax loans in Texas, lawmakers are taking a closer look at the controversial industry.