Members of the City Council are scheduled July 27 to receive an update from the City’s Finance Director Bob Biles on the second quarter 2010 revenues and expenditures and the preliminary capital project priorities and operating budget priorities for the 2011-2012 biennium. The Council will not take public comment during the noon study session in the Tacoma Municipal Building North, 733 Market St., Room 16. Audio from the session will be broadcast live on TV Tacoma and on http://www.tvtacoma.com . On-demand audio archives are available on the Web within 24 hours of the meeting at http://www.tvtacoma.com .