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.
The city also is at the hub of a metropolitan region that includes the cities of Rochester and Dover, N.H., and many towns â Exeter, Hampton, Greenland, Stratham, Newington, and Rye, N.H.; Kittery, Eliot, South Berwick and York, Maine; and others. Settled in 1623, Portsmouth claims to be the nationâs third-oldest city.