From the above linked article:
New York, which faces a steep budget deficit due to declining tax revenues, will slash spending by $630 million by laying off workers, imposing a hiring freeze and other measures, Gov. David Paterson said on Wednesday.
The state's budget director, Laura Anglin, said New York is "officially" in a recession, noting that the state's five last contractions averaged 25 months, more than double the national average of 11 months.
Aqui esta la noticia en español:
El estado de Nueva York se declaró en recesión