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.
Portsmouth is drained by Sagamore Creek and the Piscataqua River. The highest point in the city is 110 feet (34 m) above sea level, within Pease International Airport. The city is crossed by Interstate 95, U.S. Route 1, U.S. Route 4, New Hampshire Route 1A, New Hampshire Route 16, and New Hampshire Route 33.