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.
In 2013, the city of Portsmouth City County, VA issued 219 building permits. All permits issued were for Single Family Homes. Of those 219 permits, 87 were issued for single family homes and 132 were issued for multi-family homes.