Summary Definition. Define Balanced Budget: Balanced budget means a financial planâs cash inflows and outlays are equal and will not cause the entity to go into debt.
Portsmouth, Virginia. Portsmouth is an independent city in the Commonwealth of Virginia. As of the 2010 census, the population was 95,535.[3] It is part of the Hampton Roads metropolitan area.
Virginia Beach and Norfolk are the state's largest cities, and Hampton Roads is the state's largest metro area based in the state. Richmond is one of two independent cities that serves as a state capital. Although Richmond is the county seat of Henrico County, it is not part of the county.