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Definition of Budget <br />• <br />Budget• <br />budg·et <br />[ bújjət ] <br />•plan for allocating resources: a plan <br />specifying how resources, especially time or money, will be allocated or spent during a particular period•money for particular purpose: the to <br />tal amount of money allocated or needed for a particular purpose or period of time•quantity or supply: a quantity, <br />stock, or supply of something <br />•synonyms: <br />cheap <br />· <br />economical <br />· <br />inexpensive <br />· <br />reasonable <br />· low-priced · <br />modest <br />•For those of us in this room, it is a:•Revenue Plan•Spending Plan •Tax Levy Plan •Tax Rate Plan <br />14